It will certainly do everything you need it for if it had xp,im not a vista user so cant be 100% sure of how quick it will be, though through reading a few threads its recommended to have 2 gig of ram.Plus allow for shared graphics.
Its a case of weighing up the pros and cons of similarly priced laptops really.
is similar in price,but has double the ram,40gig more storage but no card reader.
Ive got a laptop that i use at work for surfing,mail,dvds watch tv, not much else.
xp home,1.6 amd mobile sempron, 768 ram and it does all i need and some.It cost £299 about a year and a half ago and prices seem to have fallen since then.