I work at a company that deals with large assemblies only. Even though the step file may not be particularly large, for some reason the open process in Inventor can be a huge task.
2GB RAM is part of your problem. I am no computer tech- but I have personally found that 4GB RAM while using the 3GB switch (it's a windows thing) works significantly better. 3gb switch here: http://discussion.autodesk.com/thread.jspa?messageID=669522
Also, others in my company have noticed HUGE differences when changing a 256mb Geforce video card to a 512mb QUADRO video card. The "quadro" signifies that the card is more suited for CAD, but for best results I would suggest going to Autodesk's list of preferred cards. suggested cards here: http://usa.autodesk.com/adsk/servlet/hc?siteID=123112&id=6711853&linkID=9240618
BUT, for now all you can do is simply : wait.
Let the file open overnight. It might take a ridiculously long time to open, but as long as your task manager "commit charge total" and "physical memory total" (see attached) keep climbing --- it will open. Even if you click on Inventor and it says "not responding". You just have to leave it alone and wait. Sometimes a real long, long long time.........
....hope that helps