No, Aero is a 3D DirectX based interface, and trying to run it on integrated graphics (which is all Intel makes) will likely lead to a less than optimal experience. Intel's chips are aimed at video playback, not gaming or general purpose stuff like Aero.

As many have found, you need to decide between Aero and performance sometimes. Good news is, is that Aero adds very little besides a little eye candy. There are only a few simple "nice to have" type features that are only possible via Aero. This is part of the price you pay for buying a low end machine.