Be wary. I reckon it will work,just, but unless you have a lot of hair you want to lose forget Ubuntu. As Fruitbat says its specs re RAM and hard drive are minimal. It would struggle to play Windows 7 as an OS. If it is for everyday use there are better value ones if you pay a bit more like this
Web browsing Email Skype (including video chat) Streaming videos eg You Tube etc Media storage - Pictures, Music, Videos Media playback - Pictures, Music, Videos Dowloading media eg Music/Video Office appns eg Word/Excel (or Opensource equiv.) Possibly video editing. Not into gaming really.