I'm not quite sure on what I'm about to say, but here I go anyway.
So becuase it's usb 1.0, it should still work, but it will be horridly slow. At my school, we used to have the older iMacs and they had USB 1.0 and they got along just fine with ipods, but they are extremely slow! The new generation ipods cannot use Firewire, which is a dumb idea on Apple's side, cuz Firewire is much faster.