I dont think you'll have a problem with BT running on your netbook. Most guys at uni run it with no problems on a netbook with just a small 1.66 processor. You will most likely run into problems with your inbuilt wireless card though, do some searching and you can find some external usb wireless adaptor. One of the guys in the back of the lecture hall just told me he uses the ASUS WL-167g USB WLAN Adapter.
I would install BT, and use it for whatever, and then dual-boot it with linux mint. (install BT first, then MINT). Mint will def pick up your wireless card so you can use that for office, school whatever. And you can swap over to BT whenever.
Stay safe. (i realize this is dead thread, hope it actually helps someone).