The CPU is somewhat strong, but not for gaming. Most games can only use 2 cores and that one has 1. The games will only be able to use 1/4rd of the CPU power. Intel CPUs are better for gaming because they perform as good/better than AMDs and they have less cores. The games are able to use more the the potential power.
You will be able to run most games with the GPU, but not on high settings.
You can't store much on 160 GB...
All in all, you will be able to run most games, but on low settings.