The card will be better regardless of how much desktop ram you have. Although I agree, it's about time to get more ram. At least 2 gigs, should be $50 now.
I'm guessing it's an oem psu, so might not do well under the high loads of gaming with the gtx 460. There always seems to be a killer deal on psus on newegg every other week. If you are short on cash, wait until there is a 500 watt one on sale. Doesn't hurt much to go over btw, leaves room for sli or carrying over to a new system.