Yes like they have said it should work... but not at any good sort of performance. An upgrade to your graphics card is relatively cheap nowadays. For example you can get a Nvidia geforce 220 gt for around $30. That should easily run UDK around 30 fps
Personally I would go with a geforce 240, it runs UDK quite nicely indeed, but it's also worth noting down your other specs as well, you can't just rely on graphics to get the UDK running nicely; ram, processor etc should also be taken into account.
I personally wouldn't bother trying; the 7150 is an absolute barebones graphics card designed to handle 'the basics', and not much else. It might run (it probably won't) - and if it does run it won't be useable anyway.
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