First of all,
Welcome to the Forums!
watercooling laptops has been discussed from time to time, but it's usually seen as a waste of most people's times. Why? because very few laptops are overclocked, and though they may seem to run hot, they are still stable. Plus, very few laptops that I've ever heard could be described as "loud." Most of the time they are downright quiet.
Now, really, what would you gain by watercooling a laptop if it is not overclocked? You would gain weight, that's for sure...
I can't really think of any benefits.
What would you lose? Battery life, small overall package, possibly reliability, (would you want to jostle a WC system continuously?). Think about it, you're gonna need a pump and a radiator at the least to see any gains... where you gonna put them?
Basically, I see my laptop as a workhorse, not a playtoy. My desktops are the systems that I play around with overclocking/watercooling... My laptop goes with me everywhere. I want it to be lightweight, small, reliable, and have a long battery life... therefore I sacrifice a little bit on top speed.
Now, if you can develop a WC system for a laptop that meets all of my criteria, then I might consider it.