Well, I think the question here is do you have enough CPU oomph to make the iGPU the bottleneck? Unfortunately, folks here don't generally deal with the range of chip you have. Most folks here use either salvaged CPUs from legacy systems (P4s, C2D, C2Q, various AMD) ... or go all the way for the top-end Core i5s and i7s.
That said, the HD2500 iGPU in your Ivy Bridge Cele is at least as good as-- if not better than-- the HD3000 in my Sandy i5-2500K, which has no issues with anything in that 5th Console Gen range. But like I said, I don't know how much of that has to do with the CPU vis a vis the GPU. Each of those emulators is different, too, so that's going to be a factor.
Test it out, and please be sure to come back and note how it went! If nothing else, I imagine that would make a great HTPC processor.