Sort of. Processor is pretty crap, but that isn't the problem if it's games you're playing. Graphics card is woeful. Need at least an ATi 9200/nvidia 5200 to run modern games, preferably a 9600pro/5700. Ram's fine, and 80gb should do as long as you aren't storing loads of media.
That GPU is, *cough* TNT2.... Anywho... Upgrade you GPU, and be happy, otherwise not bad. Even if you just got an nVidia Geforce FX5500 or FX5700LE, it would improve your PCs speed alot! Also, think about a newer XP Processor if your MOBO will support it at all. Then, your PC would be alot better. Right now, it is "ok", but reminds me of a Dell 2400... Just without crap Intel in it. Good News is... IT IS AMD!!
Intel is crap, except for ONE good processor. The Pentium M is a miracle of engineering, and I highly respect that processor. It is lightning fast, smooth, uses soo little energy, it is scary, and is very efficient! I love the Dothan Core! Otherwise, yes, in MY opinion, Intel is CRAP! Opinion is mine, so pls do not argue my opinion with me, you won't change it, since there is no evidence disproving it. Dont flame me for my views either, they are MINE.