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inexpensive laptops - will they work for me?

I am shopping for a laptop computer. I will use is this primarily for my real estate business, so I will need to get set up for a wireless internet connection. I am a MAC person - but I have to buy a PC because there is a software package that I will use that is not MAC compatible - darn it! Anyway the software lists the following as system requirements:
Pentium II Class PC running Windows 98/2000/XP, 32 mb RAM, 1 gig free space on hard drive, SVGA display.

My question is...can I get by with one of the promotional laptop packages? For instance the Compaq Presaario Notebook that features an Intel Celeron M processor 350 with 256 MB, 40 gig HD, 802.11 wireless with 125HSM/SpeedBooster support.
Is this enough computer to do what I need to do? I would also like to load MS Office on it, but that would probably be the only other software on the system. Any recommendations on what I can get that would do a good job for me and not cost lots and lots of money?
I have to get this thing purchased and ready to go very soon. I'd love any advice you have for me!

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