Ok, it seems what is wrong with my iBook is a common design flaw across the whole white iBook line. The cables that run thru the hinge get frayed with normal usage, these cables run the airport antennas, the backlight and the LCD data. Right now my backlight is almost gone and airport started acting up.
And the repair job can be up to $400!
I am not buying a second iBook, instead I am getting a Titanium Powerbook.