Actually it's not near as bad as I thought. Ubuntu would be slow on there but it should at least boot and launch a login window.
And there's no need to reinstall at if you're going to stick with an Ubuntu derivative; just install a different desktop environment.
Though, come to think of it, it might be useful to see if you can get something like the crunchbang liveCD to boot. Then you'd at least know if it was just a lack-of-resources issue or if X is not working with your video card.
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