I have an IBM PC 300 GL:
128 MB RAM
500 Mhz processor
Nvidia MX440 video card with 64 MB RAM.
Sound Blast 16 PCI ( emu10k )
Intel Pro 100 nic.
Unfortunately the ESS sound does not work.
I had to use a USB mouse and Keyboard as the ps2 ports quit working after Grub.
I seems to run well with Icaros 1.3.3, but it does get choppy when I want to move an application around on screen when something is running.
The patches do not do me any good, I will have to check Icaros Website.