If you have 512MB of RAM right now, and that's what your computer came with, that means you have 2x256MB (two 256MB RAM SO-DIMMs). In order to upgrade, you will have to remove one of those chips, so if you buy a 1GB chip, for instance, you'll end up with 1.25GB of RAM, not 1.5.
That said, an upgrade to 1.25GB would definitely be worth it.