X2 Producer - Can my processor handle it?

I think those are the recommended specs... not the minimum specs. If you have a decent interface, do a thorough optimization of the system, keep other programs from interfering with it and don't push the system too far (don't overload the project with heavy duty synths/VSTs, keep your buffers high) then you should be okay. There are guys here running well below specs without problems. I'm going to be trying it out on my laptop which is less powerful than yours because of these reports. You could always try out the demo though. That should give you an idea of what to expect.

And what's wrong with beans? I hear they're good for the heart.

like bob says, try the demo,
only way to really find out.
 
best of luck with sonar man.

In my experience any music audio program will become very frustrating if you cannot use it like you would use an analog studio setup. Since you have endless capabilities in sonar x2 with real (DIGITAL) block box effects, compressors, reverbs, etc, you will quickly see that your creative process for mixing and finally mastering will be greatly reduced if you do not plan on spending some bucks on a well decked out pc with some horsepower. I have used cakewalk products since the early days when midi was king and recording audio to digital was all but a dream. I perform weekly in a local duo and use sonarx2 for my backing tracks with great success but only after many trial ans error results. I am on an ASUS G74S with 75,000rpm dual hard drives, W7, intel i7 processor. I use 2 Edirol UA-101 audio interfaces when the need to multitrack live recording arises but only use one unit for mix and playback. Believe me I have used every interface on the market at one time or another and found the usb2 format more friendly that any FireWire system. The finer points of the fidelity of USB verses FireWire are mute when you mix it all down to one 16bit stereo track.
I am currently reworking a song that was created on the first version of Sonar1 several years ago. It has about 20 tracks of combined midi driven synths and audio tracks. I will be recording next week a spoken word intro in the piece by a local great English style copy voice and I have to go to him with my rig to get it done. I will just need my ASUS, UA-101, and a good mic. (C-414 will work nicely). Find a room with dead ambiance. Easier to add reverb and other effect after the fact than to try to remove reverbs and other room sounds that get recorded. This is just an example of what you will want your system to do sometime in the future. Can you do that with just the minimum pc requirements with good results? My real world experience says no. Hope this helps.