The game will run. Probably not on Very high settings.
I've been running it with an intel core 2 duo like 2.4ghz, 3gb ram, nvidia 8600 gt 512mb gpu.
My fps wasn't great and i lagged on fleet a lot and crashed a good bit, but was still playable.
I'd say yes you can play, only way to gauge your gaming experience would be to try it out though.