Ok, thanks for the help...I've also been looking through the references and I see the difference between hardware & software serial, though at the moment I don't have any info on 2400 baud operation. I'll keep poking around a bit, maybe someone has posted code with the right values...
Basically, the Picaxe spits out 6 bytes every once in a while, like so:
serout 4, N2400, (128, b1, b2, b3, b4, b5)
So I can use the software routines to send data to the terminal, and use the hardware RX pin for the Picaxe? I can just poll serial.available(), a lot easier than figuring out how to use interrupts.

As you can tell, I'm kind of new at this stuff...