i am running tekkno parrot all working and up to ps2 ,game cube , you shuld hit 1080p with that spec, and i could run almost anything on the intel onboad graphics not teknoparrot tho but (mame,psp,gamecube,ps1, saturn and below)but i would et a grafics card to run your games with shaders/better resolution that will make them look better , i would recomend a better setup then what i got. good luck
myspec
win7
16gb rame
i7 3770k
asus mb
gf 750ti