Updated: 10/5/2011
OS: Windows 7, Windows Vista, Windows XP (SP2)
Processor: 1.8 GHz Intel Core 2 Duo or better
RAM: 1 GB for Windows XP or 2 GB for Windows 7/Windows Vista
Graphics Card: 3D accelerated 256 MB video card with support for Pixel Shader 3.0
•NVidia GeForce 6800 GT, ATI Radeon HD 3600, Intel's Sandy Bridge (HD Graphics 2000), and Ivy Bridge (HD Graphics 3000) or greater
Graphics Memory: Direct X 9.0c Compatible or up
Hard Drive: 8.0GB, with additional space required for saved games and DirectX 9.0c installation
Input: Keyboard, Mouse, Dual Analogue gamepad, VOIP Headset
Looks like you have the minimum requirements for this game, though upgrading a bit would not hurt.
Depends on your screen resolution, because with a video chip with just 256MB of RAM, in combination with just 2GB of system RAM you won't run very far, with freezes and stuttering a-plenty as a result when playing in 1920x1080 pixels...