I have a 4 year old Gateway LT20 that is currently dual booting win xp and Ubuntu 12.04LTS 32 bit. The specs on the netbook are cpu Intel atom N270 @1.6 ghz x 2, 1 gig of memory and Intel graphics 945GME x86/MMX/SSE2. It does run Ubuntu 12.04 a little slow. But it does not run win xp fast either. They are about the same. If you want it to be snappier try Xubuntu or I think Lubuntu is the other light desktop. I would put a LTS version on though. IMHO.
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