Toshiba Satellite L500/025 budget gaming laptop?

Hello everyone,

i'm looking at purchasing a toshiba satellite l500/025 for gaming, videos and schoolwork. My priority is gaming, and i know this laptop is old and horrible, but the most i can afford is around $300 and this seemed decent.

If anyone could give me some pros and cons for this laptop and also what sort of games i'd expect to play on this (and frames, etc) that'd be great.

Here is the information:

CPU speed:
2.2 GHz

Cores:
2

Memory:
4 GB

Hard drive:
500 MB

Screen size:
15"

CD / DVD:
CD + DVD writer


CPU Intel® Core™ i5 processor 430M (2.26/2.53GHz, 1066MHz FSB, 3MB L2 Cache)
Screen Size 15.6" Widescreen HD TruBrite® Display (1366 x 768), supports 720p
Memory 4GB DDR3 (2GB + 2GB) (1066MHz)
Storage 500GB (5400rpm) SATA
ATI Mobility Radeon™ HD 4650 (2815MB Total: 1GB discrete memory + 1791MB shared memory)
TV-Out Port VGA, HDMI
USB Ports 3x USB 2.0 Ports (2x USB 2.0 + 1x eSATA/USB Combo)
Bridge Media Adaptor SD Slot