Windows 7 running in an old computer

For lack of available equipment I installed this Windows 7 Beta in an old Dell PowerEdge 700 server (year 2004), which if not for a lack of good video features has everything it takes to run this new OS. Here are the basic specs:

• Processor: Single Intel® Pentium® 4 CPU 2.80 GHz


• Chipset: Intel E7210. Support for dual channel memory


• Front Side Bus: 800MHz


• Memory (RAM): 1.5 GB


• Video: Embedded ATI Rage XL with 8MB memory [Microsoft recommends a video card that supports DirectX 9 graphics with 128MB memory]
  


• Networking: Single embedded Intel Gigabit NIC, Intel PRO/100S; Intel PRO/1000 MT

The downside of not having the appropriate video card is manifold: you cannot use and appreciate the Windows Aero visual effects including transparency and Windows Flip 3D; in addition, hardware acceleration is not supported and a DirectX device cannot be created to open certain applications, which means basically you can not play games. However, watching (Internet) videos is possible. I will probably install a new video card in this computer, while I get a new laptop...