That 2 Gb of RAM is the weakest point there.
2.93 is faster than 2.67, but the difference is marginal. You are running on a minimum system, so you can expect some kind of glitches here and there, and you can not use the software/your soundcards all inputs to their full capacity.
You need to "move carefully", so to say.
I'm in the same situation with my system, and I'm doing ok cause I've learned where the limits go.

@KALLE.I'M RUNNING XP,I HAVE ALREADY DID THE SPEC'S.....I WILL JUST HAVE TO CALL THEM..ITS ALL THESE LITTLE THINGS THAT YOU DON'T KNOW,THATS WHY THEY PAY THESE TECHS..

The processor SPEED isn't all that counts. Older processors with a 2.7 speed can be slower than newer processors with the same 2.7 speed. The easiest way to check this is to google "passmark <insert cpu and speed here> and compare the results.

@SWAMPTOOTH...I HAVE A  "INTEL DUO CORE E7500 PROCESSOR.I TRIED TO CALL CAKEWALK,AND NOW YOU CANT GET TECH SUPPORT WITH X1?WTH" IF THERE IS A GLITCH IN THE SOFTWARE,THEY SURE DIDN'T TELL ME...I DON'T MONEY OR TIME TO KEEP ON TRYING SOFTWARE,JUST CAUSE THEY GOT SOMETHING NEW.?I'M ABOUT TO GO BACK TO THE COOL EDIT PRO,..LOL'...

ROLAND MAKE DARN GOOD KEYBOARDS,BUT DAW..........?YEAH.JUST INCASE SOMEBODY DON'T KNOW...CAKEWALK SONAR(ALL DAW)WERE MADE BY ROLAND.

Free phone support is available for the current version and previous.

You're likely going to need to up your disk write buffers and increase the i/o audio buffer size if you're trying to multitrack on a slower system. 


http://www.cakewalk.com/Documentation/default.aspx?Doc=SONAR%20X2&Lang=EN&Req=Dialogs2.056.html
 
http://www.cakewalk.com/Documentation/default.aspx?Doc=SONAR%20X2&Lang=EN&Req=AudioPerformance.16.html
 
https://www.cakewalk.com/Support/kb/reader.aspx/2007013007