Can my Velocity 8.2.39 system be upgraded to XP SP3?

Hey peeps,

I have a Velocity 8.2.39 system that i now use for live switching for cc meetings. I just integrated a FCP system for editing other stuff. I keep getting requests from my XP Pro PC (dual xeon 3.0 2GB RAM) for months (years?) to upgrade to XP3. I was wondering if this would disrupt my Velocity performance in any way. I don't remember any updates to the Velocity software in recent years and i remember that Velocity specified that SP2 was the proper SP to have w/ XP Pro.

Any thoughts on this? I kinda need to rejuvenate this PC anyways, cause it's been dragging in recent months. Any other ideas on how to do this to this old war horse? FWIW. it uses SCSI ext drives for video and has internal audio HD.