Very shit processor and integrated graphics will limit what games you can play dramatically (you'll probably max around 40FPS on minecraft with low settings). The other specs seem okay though, especially if it's just a general PC>
A friend of mine bought this Laptop very recently. It actually has a pretty good gaming performance for games like Gta San Andreas. I credit it for it's great glow quality and Anti-Aliasing power.
Also,
Although Windows 8 has been known to give out certain errors I to this day have got none.