Newb ready to dip toes in water?

[(Ex)AH_Moggy]

~S~ and hello all:

1. I'm thinking of buying CoD and re-invigorating my interest in combat flight simming (I flew for many years in IL-2 with "Aces High") and am wondering if my computer specs will allow me to actually fly CoD:

OS: Win7/64 Home Premium
CPU: i7 975 Extreme (water-cooled) OC to 3.83 GHz
RAM: 12GB PC3-10600 133 MHz
GPU: Single nVidia GTX 580
HD: WD Veliciraptor 300 GB 10K rpm SATA

2. Does CoD have a FMB like IL-2?

Many thanks in advance for any answers and/or advice on settings.

Moggy