No.
PES 2008 requires Pixel Shader 3.0 and the 5xxx series cards do not have this. The PC specifications for the game claimed a 6th series Geforce card was the minimum due to the Pixel Shader 3.0 requirement.
Now its possible someone managed a workaround but to be honest, the game would probably run ridiculously. As a rule of thumb, an nVidia card with a number ending in anything less than 800 isn't really for games.
EDIT: It appears you will be able to play the game with low graphics detail as the 5200 is a supported chipset by the game..just don't go wondering why you can't use medium detail.