Definitely too old. We are struggling to support Kernel 3.4 and Android 5.1 stick devices. Nexus 4 is I think the only exception where an even older device was made usable, but it has at least kernel 3.4 - You wont get much help with anything older than that.
I used the UART connection to log in (username: phablet password: phablet) and set up networking.
I tried to start a graphical session but it looks like a lot of things are already running. I couldn't see anything obviously wrong in the system logs. I'll try to take another look at it later, or tomorrow.