im getting a new computer for my home studio
just wondering if anyone who knows much about computers can tell me if this would be up to the job

dell inspiron 530s

PROCESSOR Intel® Core™ 2 Duo E6550 Processor (2.33GHz,1333MHz,4MB cache)
OPERATING SYSTEM Genuine Windows® XP Professional - English
MONITOR Dell™ 20" Black Wide Flat Panel (E207WFP) - UK/Irish
MEMORY 1024MB 667MHz Dual Channel DDR2 SDRAM [2x512]
HARD DRIVE 320GB (7200rpm) Serial ATA/100 Hard Drive with 16MB DataBurst™ cache

ive got my old equipment which i'l be using which is
m-audio fast track pro
m-audio oxygen8v2
samson rubicon R6A

thanks in advance for any help anyone can give
I'd get another gig of ram, just to be safe :P. All the rest is good.
^ exactly. definitely need at least 2GB of RAM, but i would get 2x1028 sticks instead of 4x512, much better results and easier to upgrade to 4GB.. and who wouldnt want to have 4 gigs of ram.