Yeah, that a netbook, it would still be slow in windows 7. And they don't offer any XP or Win 7 drivers, so don't try that. Return it if you still can.
AMD Processor Laptop with E-300 Accelerated Processor 1.30GHz, 1MB L2 Cache
2GB DDR3 SDRAM system memory (expandable to 8GB)
Gives you the options for surfing, video conferencing, documents, basic photo editing and simple computer tasks