*Acceptable* minimum specs to run Statler Alpha2 Xfce?

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http://crunchbanglinux.org – My local coffee shop has an ancient Dell Optiplex with a PIII running @ 730Mhz and 256mb RAM and an integrated Intel 82810 series graphics chip. Will this be sufficient to run Alpha2 Xfce on? This PC is used primarily as an internet device by customers, and WinXP is just clunky on it; I suggested I could re-install XPsp3 for the owner, and to my surprise he mentioned putting Linux on it. So I'm hunting for something full-fledged enough for the 'commoners' to be able to use yet light enough to bring this dinosaur back to life. Opinions welcome. (HowTos)