On the touch screen, if it is compatible with Kubuntu 0710/Linux 2.6.22-14, and you choose UI1 during the install it should be OK.
Suggest you check the many other posts on Atom/945/965 based systems. 945s and 965s often cause problems with UI2, causing the whole system to hard crash. Some systems experience this such as the MSI Wind PC, others do not such as the Asus Eee Boxes. It is hoped that 0810 will make this more reliable. In the meantime, the solution is either to use UI1 (the best option given that you need to use this anyway for the touchscreen) or disable the Photo Screen Saver.
If the sound chip is something like the ALC888/883 you will be fine. If the NIC is the Realtek 8168 then you will need to follow the 2 articles on the wiki named Unrecognised NIC and Realtek 8168 to fix up the drivers otherwise it will not even boot up - note the instructions are quiet involved, if you don't follow them exactly, it will not fix up the driver bug (a Realtek problem, nothing to do with LMCE)