Mac os X on an older mac?

I currently have a macbook that runs os x. Unfortunately it has some serious issues and will prob. need a new motherboard. I'm not going to pay the $600 to get that replaced because i would still have a laptop that needs a new monitor. So i was thinking: Can i install 10.3 on a G3 dv 400? I realize thats not exactly a real fast processor. Currently it has 128 megs of ram. I looked on the apple web site and it is not real helpful. I have a 10.3 disk from a G5 my parents have. The G5 is currently running a version of 10.4 (some repair shop installed that). What i was thinking is can i install os x 10.3 on the G3 after upgrading the G3 with the macbook's hard drive, then install the dvd-rw drive. Also if this is possible i will do the necessary $13 ram upgrade. I know that the motherboard has only usb 1. It does have firewire 400 ports though. Is this computer fast enough to run? Otherwise, can someone give me an idea what building a "G4" will cost?

Answers:
I say go for it.. But don't move anything and just install it. It should be fine but just put in an extra 128mb of ram since 128mb is the minimum.

That is what I love about Apple, why don't you try running XP on a computer old as that lol..
Yea You should be able to. Ive run 10.4 on a G3 400 with 512 ram and it ran fine. And my friend had 10.4 on his G3 350 with 128 ram and it ran at usable speeds. And to buy a G4 off ebay or craigslist is around 100-200 for a Powermac G4 and 300-1000 for a powerbook g4 (alunimum or titanium) and about 400-700 for ibook g4.

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