it's not 4 mbs, it is 4GBS
you need to install and use pae kernel, easily done form synaptic, will support up to 64 gbs with it but the system will remain as 32 bits
Texstar is beginning to work with 64 bit packages but this is early stages of the proces
if your biggest concern is ram usage my netbook has only 1 gb of ram shared with video card and kde4 works very well, currently i have opened around 15 apps including some windows apps and system performs without problems with compiz running all the time and this is a atom 1.67 ghz cpu, to be honest if you don't have anything heavy to load on all that ram, system will never use it, no reason to do it

about the board, supposedly you only need to change video card driver to vesa and also enable a service on boot but can't remember the name right now(haldaemon on pcc/system/manage system services) to detect changes on hardware
i tried to do this last year with kde3 but system refused to load right modules for sata hard disk and without sata it couldn't load the rest of the os so i had to reinstall
since pclinux is installed in less than 15 minutes(or less on this slow machines) i didn't found this as a problem
make sure that before you decide to reinstall, you don't loose important files so do backups of your important files and if you can save configs of your preferred apps this will help you to be up and running in less than 1 hour with the new hardware