Also, I wouldn't bet on the durability of things like the optical drive mechanism to take continual vibration and sudden shocks a whole lot of times, and there are probably a couple of dozen very tiny connectors inside most laptops, and they're just pressure fit on. Enough of just the right bumps and they could pop loose.
I still say, either access your work machine from home, or carry the work with you on a thumb drive (you can get 16GB thumb drives now pretty cheap) or a small hard drive (160G 2.5" externals will fit in a pocket and are around $100 and are very tough).
Regardless of where you hold your data, if it's on ANY kind of a device that you carry around, ENCRYPT IT. You have to assume that if it's on a portable device, it will be stolen at some point. Encryption is free, go get a copy of truecrypt.
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Work: the 8 hours that separates bike rides.