28.8 Kbs modem or faster with current Internet connection CD-ROM drive Sound card Speakers or headphones Microsoft Mouse or compatible pointing device VGA or higher resolution monitor Pentium 150MHz processor or better 32MB of RAM or better Minimum 320MB free hard-disk space
i tried to put me on a 486 and during the setup it determines what speed your processor is and if it is below 150 it will end the setup! but you can load it by overideing the processor setup part by using a switch ie setup /j you should be able to get a full list of the switches of the net someware!
I have Windows 95 OSR1 and MS Office `97 loaded onto a 66Mhz 486DX2. It has 40 Meg of memory and a 175 Meg hard drive. As Djohn says it a bit slow if compared alongside a more modern PC. I think Windows ME is a bit too ambitious.
It's viable, with Win95 OSR1, if you have all the hardware and software you need already to hand, but if you need to buy any extra memory or storage it soon becomes cheaper to buy a new £600 PC.