Here are the system requirements for WHS 2011:
System Requirements:
- 1.4 GHz x64 processor.
- 2 GB RAM
- At least one 160 GB hard drive.
Yours is a Celeron® D Processor 330 which has a 32-bit instruction set, so no it will not be able to run the 64-bit WHS 2011.
Phil P.S. If you find my comment helpful or if it answers your question, please mark it as such.