Segun la siguiente nota si es compatible aun que recomienda la edicion profesional, y te mando la informacion de ultradev, que es la de este foro
http://www.macromedia.com/software/ultradev/productinfo/sysreq/
Intel Pentium Processor or equivalent 166+ MHz
Windows 95/98 or NT version 4.0 (with Service Pack 5 or later), 2000* or later
64 MB available RAM
170 MB available disk space 130 MB available disk space
256-color monitor capable of 800 x 600 resolution Color monitor capable of 800 x 600 resolution
CD-ROM drive
Application servers and database applications are not included. UltraDev sites can be deployed on any ASP 2.0 or later, ColdFusion 4.0, and JSP 1.0 servers.
*For Windows users, Macromedia recommends using Windows 2000 Professional.