My first thought was interference – I get something similar in my kitchen from the washing machine or the pump for the central heating. However thats a very regular graph for interference, I would expect something a bit more random to be honest. Actually, it may be a microwave – or some other digital source of interference.
However the netbook proves its not – as its so regular, and its not interference (unless your macs antenna are totally gash or your netbooks on g and your macs on n) its may well be a driver issue or the mac equivalent of the IP stack having issues.
Use a cable connection and check that, then update drivers etc.
(I'm assuming thats your ping to your router and not outside your network).
David.
(EDIT: Actually probably not a microwave as its on for a longer time than its off if I recall right…)
(EDIT Again: Perhaps its a dimmer or flouresent tube? Or wireless house phone? But then they would be ruled out by the netbook. Hmmm. Deffo tried wired but not that naff network over power lines stuff – an actual cat 5 / 6 cable).