I've long considered purchasing Skyrim, but the main thing stopping me is the question of whether my laptop can run it. I would appreciate it if some of the more experienced players could advise me.

My system is as follows:

Intel Core i5-430M processor 2.27GHz X 2

4.0GB RAM

NVIDIA GeForce GT420M video card, 1GB VRAM

500GB HDD

OS: Windows 7 Home Premium

This seems consistent with Skyrim's minimum requirements, but falls way short of the recommended hardware. Would it be able to run the game without too many issues, or would it be slow and "barely adequate"?