Actually it is which is why I will wait a bit longer for a win7-64 solution. It takes a good couple of days of messing around to sort out the drivers for ETH, USB, startup files (there are various windows scheduler tasks) etc.
If win7-64 is impossible then I will restore a Trueimage backup of a disk from the currently running winXP machine, onto this one. That way of doing it (restoring an image backup onto a different motherboard and CPU) usually works because Windows rebuilds the registry hardware tree at each bootup. The SATA controller has to be configured for IDE (not one of the trendy new modes; they gain barely 10% more speed IME) which avoids the need to slipstream HD drivers, and IDE is what enables an old Trueimage 10 to work, otherwise you need to buy the very latest version and keep fingers firmly crossed. You just have to fix up some drivers but video usually works (if it didn't you would be screwed).
Another approach is to create a VM from this winXP machine. For me this would be the last resort.
For sure one could spend a bundle on a more powerful fanless computer but then you get more heat. I have right here a nice fanless i5 machine, used as a server, and it has a huge heatsink on it. The 1.8GHz Atom one I am currently running this on is much cooler.
If I go the XP route I will investigate 3rd party utils to do the TRIM command.