Solved! Looking for gaming rig is this it

Solution
You should be able to play many current games with medium quality.

I have the IdeaPad Y470 with the same CPU and slightly slower GT 550m. I have tested Crysis (a bit dated, but still one of more demanding games out there) on it and it can play it very well at medium settings. Frame rates typically range from 35FPS - 44FPS most of the time in the 2nd chapter, "Relic".

Setting graphics quality to high resulted in frame rates of 18FPS - 25FPS most of the time; if I remember correctly. Playable, but not desirable.

You should be able to play many current games with medium quality.

I have the IdeaPad Y470 with the same CPU and slightly slower GT 550m. I have tested Crysis (a bit dated, but still one of more demanding games out there) on it and it can play it very well at medium settings. Frame rates typically range from 35FPS - 44FPS most of the time in the 2nd chapter, "Relic".

Setting graphics quality to high resulted in frame rates of 18FPS - 25FPS most of the time; if I remember correctly. Playable, but not desirable.

 
Solution