yea, it does have the right stuff to run xp. it hasn't really slowed down, its pretty much the same speed as when i had win. 98 on it. couldn't really tell you how old it is, cuz one of my friends bought it for me as a gift from a garage sale about a little over a year and a half ago.
i've never posted specs for a pc before, but here it goes:
amd-kg(tm) 3d processor
501 mhz
128mb of ram
i think the brand is memorex, cuz thats what it says on my disc tray. its probly real old.... i'll probly update its parts when i get some money. i exit out all my programs be4 i shut down. maybe to clear things up, when i get to the shutting down screen, it just turns blue and thats when it starts hanging. my system doesn't powerdown........ if u guys need more info, i'll be more than happy to give it to you.