that computer has ddr2 533 mhz ram which is most likely faster than the ram u guys use.
In my opinion that looks quite good, 1GB of ram and the vid card ain't too bad. The cpu is kinda slow but it should be ok too. If u want a gaming laptop then I'd say that the one u posted is quite good, but as some people already said, laptops ain't designed for gaming.
Another good idea would be to get a very cheap laptop which u use for word processing etc. (try ebay, u might find something for really cheap) and then get a good desktop for gaming.