It says 256MB video RAM so I would so no.
http://gopro.com/support/faq-hd-hero/#system-requirements-vary-for-computer
What are the minimum system requirements to be able to handle full 1080p or 720 60fps video files?
For Windows-based computers, we require:
Windows Vista or later
3.2 GHz Pentium 4 or faster
Direct X 9.0c or Later
At least 2 GB of system RAM
Video card with at least 256MB of RAM
For Mac OS-based computers, we require:
Mac OS X v10.4.11 or later
2.0 GHz Intel Core Duo or faster
At least 2 GB of system RAM
Video card with at least 256MB of RAM