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06 Jul 2011  
Microsoft MVP

Win 7 Ultimate x64

Cindi, welcome to the Seven Forums.

Would help to know the model number of that Dell, would make it easier for telling you whether there are drivers/etc available for it. This,

Windows 7 Upgrade Advisor - Download - Microsoft Windows

will help as well.

As for buying it at $199 I'm guessing you're looking at Windows 7 Professional. Unless there are features in Professional that you need I would go with Home Premium instead. It can be had for around $100 or so, - Microsoft Windows 7 Home Premium SP1 32-bit - Operating Systems

You can see the differences between the versions here,

Compare Windows 7 Editions

and decide which would be the best fit for you.
My System SpecsSystem Spec