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Depends. I used a Gateway from 2001 ~ 2009 and it worked just fine. Typing reports, simple book-keeping and surfing the web.
These days, if you're downloading music, gaming, watching movies, etc., you'll need the latest/greatest to enjoy.
Bottom line is: If it works for what you need, without wanting to smash it for taking too long to do what you need, then keep it.
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