It might depend on what you want: if you want everything maxed out on the highest res you can get, then it would probably suck. But then any laptop would, except the very high end ones, which aren't useable as portables in any case, and very expensive.
If you just want to be able to run your games well after some fiddling with the settings, it would probably work fine, although I don't know that model. I've got one like that as well, but with Intel embedded graphics (for work), so I don't know. But I've got another laptop (for home/games) with a P-M 1.6, 768 MB RAM, a Radeon 9700 Mobility with 256 MB and an 1280*800 TFT, and that runs all games fine, but the newer ones not on the highest settings.