I used to develop on a eeepc701 yes, and it was playable, but i think it would be hard for a processor lower than 600Mhz, as for memory i did not test with less than 512, but 256 may be enough…
I don't know how old you are by the way, you could be a 8 year old boy with good english skills or an adult, nothing tell me .
I'm 13. EeePC's are really bad. I used one a year ago and I was very unimpressed. Planet Penguin Racer had a really low frame rate. 600 MHz? My brother's laptop is 266 MHz with 64 MB RAM
Gaming with Netbooks blog gamingwithnetbooks.blogspot.com
I think the computer is too bad And you can't use any recent systems on this computer ? I think you will have some problem to install python and pygame...