You may get it running in console mode only. It would still be slow, but it might run. If it still won't look around for other very small distros. Vector Linux is geared toward older machines, or look for the Floppy-based distros--you may have to go back a year or two software wise.

The alternative is to use your box as a LTSP terminal. But that requires having another working Box with enough guts to run both boxes.