Are you talking about the Celeron E1200?
There's an interesting story
here about it - the conclusion seems to be "NOT for gaming".
Quote:
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At the same time, the new dual-core Celeron E1200 can find its niche. For example, when overclocked these processors cope very well with video and audio encoding and pretty well with rendering. That is why dual-core Celeron processors from the E1000 series can be used in a much broader range of tasks, while their predecessors could fit only for office and simple home systems.
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Bold mine.
Expect the price to drop later too.