older ubuntu on newer hardware

hi List, does anyone have experience putting older linux distros (specifically Ubuntu 10.04 LTS) on newer hardware? I have a VM running 10.04 that has a large amount of installed packages and tweaked installation details and I need it to be running natively on hardware. I'd just install it on an older laptop, but I want a hardware platform that has some kind of warranty and the ability to be replaced by just re-imaging. Ideally, I'd like to go out and buy a cheap netbook and image my VM onto it. What are the chances of this actually Just Working (TM)? All I need is basic video and USB. Don't even actually need networking. thanks, etc. Cory