This type of CPU is not sufficient to power even the most basic computer in todays world. However a Dual Care 1.2 Ghz would be a good CPU in a Tablet or Smartphone.
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Yes its average although it is getting rather outdated. yes it is good. you can do multi tasks,like Surfing the net,with few tabs open,listen to music and it still will not be slow. However when you open 12 tabs,it then gets pretty slow.
If you are more than an average user who wants to do multitasking or wants a fast computer than it's good.
But if you want your computer be very fast,if never won't to wait for your computer or if you want to do some serious multitasking then I recommend core 2 quadre