Sim.
De acordo com o link :
Ubuntu Desktop Edition
700 MHz processor (about Intel Celeron or better)
512 MiB RAM (system memory)
5 GB of hard-drive space (or USB stick, memory card or external drive but see LiveCD for an alternative approach)
VGA capable of 1024x768 screen resolution
Either a CD/DVD drive or a USB port for the installer media
Internet access is helpful