Ahhhh. 9.2. You should get the updates at least from the Apple website and install them.
You can run OSX on it. I have an older machine than that one, I think, at work that runs OS X (Tiger) and it is a 600 mhz model with 192MB RAM running four or five simple web served databases...:)
Does just fine, but no heavy lifting for it.
PS Disregard my last post...doesn’t apply to you!
“You can run OSX on it.”
I wouldn’t run anything higher than 10.3 (Panther) on that machine because of the memory limitations...I think the G3 iMacs max out at 512 mb. You can get Panther install CD’s cheap on Ebay as well.