As low as possible, and ideally virtually instantaneous. From a cold boot, I'd put a cap of 10-15 seconds tops.
[1] Powered-off-and-ram-image-stored-to-disk type of sleep.
I love how the difference between sleep and hibernate is abstracted away in Apple's implementation.
http://support.apple.com/kb/HT1757?viewlocale=en_US http://www.macworld.com/article/53460/2006/10/safesleep.html http://moishelettvin.blogspot.com/2006/11/windows-shutdown-c...