No. Just no.
Don't bother with Linux on netbooks. It's not "faster" or more "lightweight" once you get enough crap installed to have a full desktop that takes advantage of all the available hardware and power management technologies. You're better off minimizing the number of programs you force Windows to load on boot. Upgrade the RAM first though. If it only has 1 gig, a 2 gig stick will really wake it up. (My x100e has 4 gigs total, and it boots Win7 Home Premium faster than my HP dv5000 boots XP MCE.)
Don't even get me started on ChromeOS.