Here's my specs.
http://img146.imageshack.us/img146/3562/blaa.png
My computer has already been repaired once from it's motherboard being fried being plugged into 140 year old outlets without using a nice power bar with a power breaker, so I won't be upgrading my computer any further. So how would Skyrim be able to look for me playing it? Be nice if someone could compare with Oblivion pictures.
Haha that guy referred to my thread coming from me, I used to have laptop with an 8400GS and the FPS was very jagged, at the lowest graphics. It was 20 fps indoors and I quit the game before I got outside the prison... so I would say, there is a chance, but it would be so jagged, and look so rubbish, your best using a console for it... if you need any advice on buying a new desktop possibly (upgrading a laptop is as expensive as buying a new one) so PM me.
Just to say, as the guy said above, your card is ranked 160 something on this list http://www.overclock.net/graphics-cards-general/502403-graphics-card-ranking-5th-time-last.html which I use myself as well, and on my thread the lowish graphics area starts around the 100 rank area.