No. It does not meet minimum requirements. You need at least 900 vertical resolution and 768 means you will work in the blind, you can not see essential parts of the GUI. It also lacks a second disk, for which you can either use an SSD or preferably a 7200 RPM SATA disk. And third it is a Toshiba...
If you want an Ultrabook, look at http://www.asus.com/Notebooks/Superior_Mobility/ASUS_ZENBOOK_UX31A/#specifications and add one or two external 7200 RPM USB3 disks. Of course you need to up the memory and have to suffer the integrated graphics, but there are few choices in this category of compact laptops.
Thanks Harm, where would we be without you. I have checked out the Asus and am concerned that it only has 4gig mem. and appears not to be expandable.
Anyway I like the weight but maybe I need a bit more grunt at expense of weight.
I don't think there's an ultrabook out there that would be fast enough. I have a Toshiba Portege with an i3 and to get to 30W total system usage, they powered down the onboard GPU inside the i3 and downclocked it to like 1.4GHz or something. It gets like a 5.1 CPU rating in the WEI benchmark despite the fact that hyperthreading is still turned on!
It has an SSD but it's some wacky frankenstein one made to fit inside that chassis that gets a whopping 6.4 rating in the WEI. Even OCZ Agility 4's get a 7.4 on a SATA II controller!
But regardless of CPU capability, the lack of a sufficient GPU is what's going to kill it. That and the limited screen resolution of course. Basically, if it's over 13" it's not typically considered an ultrabook.
You may want to look at a Toshiba Qosmio. Some run at a ridiculous 180W total (but have sufficient fans) but they have dedicated GPUs from Nvidia, full blown mobile i7's, and 8-16GB of memory that's alos upgradeable. The #1 best thing is they typically have 7200RPM hard drives. That brings you back up closer to desktop level performance at least and they're only around $1,100-1,250 for a decent model.