Video Editing Software Netbook

Can a netbook do any of these tasks?
i’m thinking of buying a netbook, but I want to know a little more about things it can and can’t do. I would like to…
1. Watch videos on youtube
2. Use Itunes/ listen to music
3. watch video files.
4. Run online games.
5. Run older games for Systems earlier than XP, that don’t take up too much memory.
6. Download basic software such as audacity, Video and audio converters, and so on.
7. Basic video editing. (nothing too fancy)
Older games as in ones for DOS, and 9x
netbooks aren’t good for most of today’s games. the older stuff should work fine though.
for dos, you might have to dual boot with a win 9x operating system.
you also won’t be able to watch high def video full screen at a decent speed, but you will be able to watch dvd movies, and youtube stuff (you’ll need an external dvd drive for the dvd movies).
HP Compaq Mini 110c 1100DX netbook unboxing
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