GO GO GO!!!! and have a wonderful vacation together! I cannot imagine regretting a minute of it. you deserve it. and your child will be having a great time with grandma, bonding for life, and this is a wonderful thing too. you shall not regret it!!!
my little one is the only grandchild of my parents living out of town (the other 5 live in town). he has spent a week at a time with them since he was born, and has the best relationship with his grandparents out of all 6 grandchildren. they are all close to my parents, but "in town" grandkids spend the night with grandparents often, but how often do they spend a week? this is wonderful and special time together. and you get a much needed break...

good luck and take some pix!