Not a chance. I've got a Phenom II X4 running at 3.6ghz and a GTX460 graphics card and I can only get 45-55fps on nearly maxed settings. The game will use all of my GPU ram (1GB on its own), and usually 2-3GB of normal ram with the GPU pegged @ 100% load and ALL CPU cores @ 60-75% load.
Minimum needs: A very high clocked dual core or quadcore, 4gb ram, 1GB ram GPU (GT240 will run the game at lowered settings and playable framerates).
Thats from my personal experience with the game and hardware.