no. well not good enough to be playable.
Proccesor is ok because its dual core and its should well overclock 2GHz
witch arma needs. 1 gig of ram is classed as 1024mb, you only have 1014 but that would be ok. but what shoots you down is your graphics card. you would need a proper card to run arma (e.g. Nvidia or ATI) with at least 128mb video ram.
basicaly if you were to run arma on your computer on a scale of one to ten it would be 3 even though your proccesor and ram is ok your graphics lets you down.........badly.
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