ubuntu 8.04, Knoppix 5.31 and Slackware 13.0 32-bit work with the GeForce 7200, more specifically marked on the hardware as a "GeForce 7200 GS GV-NX72G512E2 Rev 2.3" and reported as a "GeForce 7300 SE/7200 GS (G72)" by the NVIDIA driver. I have not tried using it with other distros.
The driver used on ubuntu 8.04 was envyng-gtk from the ubuntu repositories. The driver used on Slackware 13.0 was NVIDIA-Linux-x86-185.18.36-pkg1.run from
http://www.nvidia.com/Download/index.aspx.