...we see that surpprisingly, it HAS the Intel "VTx" hardware virtualization
extension. That means getting a virtual machine running on it for at least basic stuff will work at reasonable speeds.
If we got to the CPUBench site we see it has a "performance score" of just under 1,000 which...is...bad-ish but not terrible like some of the Atom crap.
http://www.cpubenchmark.net/midlow_range_cpus.html
Upshot: you could do real work with that puppy, with a modern Linux distro and even light virtualization (running a copy of WinXP or another distro as a VM on it).