No, that's not entirely true. Currently I run an Intel Core Duo 64-bit 3.0GHz processor with 4GB of RAM. However, I used to run a 950MHz AMD K6-2 with 1GB of RAM, which is what I used to make the majority of my posted remixes.
If all you're going to do on your laptop is sequence using FLStudio, you should be okay if you're not doing any crazy electronica stuff, but if you're going to start recording, I'd recommend checking out some external soundcard modules or something (I don't really know about that stuff though, so someone else will have to help you with that).
Also, please don't make generic thread titles. Thread titles should accurately reflect the topic of discussion.