Music Recording Enthusiasts: Will This Laptop Run Recording Software?

ChubbyD Asked: Music Recording Enthusiasts: Will This Laptop Run Recording Software?

I am a musician and have decided to put a small home studio together. So far I have a Behringer Xenyx X1832USB mixer, Behringer Europower EPQ1200 Power Amp, JBL JRX115 PA speakers, Shure SM58 Dynamic Mic. I will be getting a Condenser Mic in near future.
My PC is an older HP desktop and have tried running recording software but, it sometimes crashes.
The desktop I am using, (or trying to use), is an HP a6554f. It camewith Vista 64 bit but I have installed Windows 7 Professional. (clean install).
It has a Pegatron Benecia MO BO, Chip-set: G31/G33/P31/P35,
Southbridge Intel 82801 IR,
Intel Core 2 Quad CPU Q6600 2.40GHz,
500GB HDD, 5GB of DDR2 SDRAM (PC2-6400/800 MHz).

I want to use a laptop for recording and I ordered one today. I am hoping for your advice as to whether you think this will handle recording software?
It is an Acer AS5253-BZ 686.
Windows 7 Home Premium 64 bit.
15.6 HD wide-screen CineCrystal LED LCD,
AMD Dual-Core Processor C-50 (1.0GHz, 1MB L2 Cache), 4 GB DDR3 RAM (upgradeable to 8 GB), 500GB hard drive,
ATI Radeon HD 6250 Graphics (256MB),
DVD-Super Multi Double-Layer Drive, SD Card reader,
1.3 Megapixel HD Web-cam and Mic,
3 USB ports, 1 HDMI,
802.11 b/g/n WiFi and num-pad,
6-cell battery.
I ordered it from HSN because they offer low payments and I really can't afford to buy one out-right.
Will it do the trick for me?
The software I will be running is:
Cakewalk Music Creator 6.
The following are the minimum recommended system requirements for Music Creator 6.
Windows XP SP3 (32-bit) or Vista SP2 (32 or 64-bit) or Windows 7 SP1(32 or 64-bit)
Intel Core 2 Duo E8200 2.66 GHz or AMD Phenom Quad Core 9750 2.4 GHz processor
2 GB RAM
1280×800 minimum screen resolution
10 GB of hard drive space
Windows-compatible audio interface (Have one)
Windows-compatible MIDI Controller (optional) or MIDI interface (optional) (have one)
Adobe Acrobat Reader
An active Internet connection is required for viewing online video tutorials, for uploading music, and for Technical Support

Or, the down payment is $141.00, is there an upgrade I could do to my desktop for that price that would give enough humph to run the software properly?