You won't have the best quality I mean you will most likely have to turn down some things but except for your CPU your laptop meets the recomended requirements for the game. You can also try out a demo of the game for free from here
I believe you can go into Options-->Perfomance-->Test Settings through there even in the demo and get a read out of minimum, maximum and average FPS if you get an average in the 25-40 range you should still have fun playing the game.
Specs of my M1210
CPU 2.0 GHZ
Ram 1.5 GB
Graphic 256 MB
Hard drive 7200 RPM
Would this be enough to play FEAR?