You are not the only person who is going to maintain your code.
The next person who does might have a 17" screen or might need large fonts to read the text. The limit has to be somewhere and 80 chars is the convention due to previous screen limitations. Can you think of any new standard (120) and why it is a good idea to use that other then "that's what fits on my monitor at Xpt font?"
Remember, there are always exceptions to every rule so it you have a particular line or block of code that makes sense to be more than 80 chars then be a rebel.
But take the time first to think "is this code really that bad that it can not live within 80 chars?"