It's overpriced and the video card sucks. You should do some research and build your own. To answer your question, it'll probably run the game on low to medium settings. --- RUN! RUN! Or you'll be well done!
From what I hear the 550 isn't a very good card. You'll just be wasting money buying it. You're better off building your own computer. It's not difficult to do and will be much cheaper. Also a good cheap Nvidia card now is 560. I would pick that. --- Devil May Cry, Ninja Gaiden 3 (YES, NG3), Bayonetta, God Hand and Vanquish: The greatest games in their respective genres.
You could build a much better computer for significantly less. The 550 is an incredibly poor choice of video card. You can get a 480 GTX for under $200 and it's literally twice as powerful. Don't get an i7-2600. Get an i5-2500k. The "k" is important. Don't get a 2500; get the 2500k. It has an unlocked multiplier and you can overclock it to 4.0 GHz on stock cooling alone. With a Corsair H80 system, I have mine running at a stable 4.6 GHz and temperatures never peak above 55C under full load. The i7-2600 is actually slower than the i5-2500 when gaming due to hyperthreading, which games don't support. The i5 is also about $100 cheaper.
If you're not comfortable building your own computer, I've heard that cyberpower PC is a reliable company that won't rip you off. If you want to give building a shot, almost anyone will tell you Newegg is the best choice for buying parts.
As to your original question, I don't think you'd go above medium-high with that computer. --- Someday, someone will best me. But it won't be today, and it won't be you.