Hello,
If you are interested in exploring a bit, you could try installing linux onto the computer. Not sure if it will support the wireless cards or not, but it may give you something to work with, and you could learn a few things from it.
Check out Fedora for PPC, and Yellow Dog Linux.
I have run YDL on my Powerbook G3 (333) and it was noticably faster than OS X on the computer. I to also agree that more RAM is required. Plus, the iBook has a slower internal motherboard / components, so you are working with those issues against you. The iBook was not engineered for heavy-duty processing that you are looking for.
Christian
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