i have slackware 9.0 running on a 300mnz with 64mb and i find that when running Xfree86 with KDE 3.1 it is pretty sluggish. but without the gui it runs fine for me.
"Mrs. Jones, I'm sorry to inform you, but we've run the tests, and it appears that you have XP. Now don't cry - it's bad, but it's not a death sentence. Modern science has advanced in recent years, and it's now possible to live a reasonably happy life with XP. And there's a survivor's group that you'll want to meet as well."