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Default difference office 2003 and 2007

my pc spec : office 2003 &win XP, RAM 1 G, CPU 1.5 GHz
I run excel file 3-4 file link with many formula and size of each file
database 5 - 8 MB
if i change to
new pc spec: office 2007 &win vista, RAM 2 G, CPU 2.0 GHz
can i run at same file above without hang and slow?
May i upgrade to new PC and new win vista and office 2007?

 
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