Ram
I don't really understand why it would run that slow, but you probably could use some more ram. At 256 your at the bottom of having enough to do the kind of multimedia thats giving you trouble. If I were you I'de try to get more RAM. I run mandriva (even more bloated than fedora I think) on a 2 GHZ (Intel Pentium M) laptop w/ 512 mg RAM and it runs real nice.
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