Will Lion run OK on this Macpro?

I want to install Lion on my Macpro, though I want to make sure that this Mac will be able to run it OK and there are no known issues with it on this type of Mac.

Model Name: Mac Pro

Model Identifier: MacPro1,1

Processor Name: Dual-Core Intel Xeon

Processor Speed: 3 GHz

Number Of Processors: 2

Total Number Of Cores: 4

L2 Cache (per processor): 4 MB

Memory: 3 GB

Bus Speed: 1.33 GHz

Boot ROM Version: MP11.005C.B04

SMC Version (system): 1.7f8

Thanks in advance!