The game "should" be able to be quite playable in the low to medium settings range based on this spec sheet. The 1MB of video ram will be your main bottleneck tho' the cpu is "okay". As Skyrim is still heavily cpu bound you can adjust settings using the old "stand on the stairs leading up to Dragonsreach" trick; Download FRAPS or similar benchmarking software. Start it up. Start a new game with only the official DLC (Dawnguard, etc.). Not the Hi-Res texture packs, of course. Before you hit Play go to Options and select Low. Get to Whiterun and go up the steps as if to see the Jarl. Stop at the second turn and turn towards the big tree down below. Note your frame rate as people and guards walk around. Save the game with a memorable name (ex. "FrameRateCheck"). Quit and restart, go to Options and under Advanced adjust one or two settings up (or later, down) one place. Reload/restart your game and note the frame rate. Repeat until you get approximately 30fps as fights dealing with three or more actors will bog down your cpu. Never save over this save point and you can use it to test how mods affect your computer.Beware of any mod that uses more memory. This includes; Hi-Res texture packs. Additions/changes to towns and villages. Scenery and animals texture mods. Additional "actor" mods (More Travellers, etc). TL:DR Keep it simple and the laptop should do well. Not great, but well.