In short, should not. May be it will install but whe you start adding models it will lag forever. Working resolution is 1280*768 or higher . Any modern monitor will do that.
For video card you will need a 8800GTX 512meg version or better.
IF you are serious at design get a FireGl with 1 meg or more ram (the Fire GLv3600 do not work) they cost more but in the long run is your best choice.