The computer brand name and number does not provide much information, especially considering the same models can be configured differently.
I am assuming you mean the Desktop Acer Aspire M3201.
For this desktop in any configuration the answer is no. For GTA4 you would need a computer with a powerful processor, as GTA4 seems to tax the processor more than the graphics card. A Core 2 duo, core 2 quad, Athlon IIx3, athlon IIx4, or a phenom II x3. And you would need a graphics card with 1GB of graphics ram. Preferably something like an ATI radeon 4850/nvidia GTX250 or better.
If you need clarification on anything, let me know.
Probably no. I played the game on my 2.5gig dual core intel with nvidia 9500gt and it ran like crap. I have since upgraded to a HD 4870 1gig, but haven't reinstalled the game to try it out. The game is poorly optimized.