Windows 8 Should i and can i download windows 8

Hello Julio, Link Removed to Windows 8 Forums,

System requirements for installing Windows 8 are;
1 GHz or faster processor
1 GB RAM (32-bit) or 2 GB RAM (64-bit)
16 GB available hard disk space (32-bit) or 20 GB (64-bit)
DirectX 9 graphics device with WDDM 1.0 or higher driver

So, yes, your netbook passes.
I would suggest using the 64Bit as most everything is headed that way.
Do you plan on keeping Windows 7?
If so, I would make a 100Gb partition on your current drive for Windows 8 and leave that partition unallocated and choose "Custom Install" and direct your installation setup to that partition when the time comes.

If you need any further assistance, please let us know.

Hope this helps

Don