[ubuntu] 512m ram, what should I do?

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http://ubuntuforums.org – I have just been given a Dell Dimension 4300. This is great, because I also just got an LCD TV, and I wanted a pc to connect up to it. My needs are very basic, as I have other machines for doing my more demanding stuff. All I intend to use this computer for is: Basic web browsing, a little youtube etc. Watching movies that I have stored on the local hard drive (Most important) Skype, so my mom, who's back home in the UK can at least sort of watch her grand daughter growing up. I've always used Ubuntu, but I just checked, and it seems that I don't have enough memory. The specs of (Hardware)