Play it yes, but not well. a 550Ti has trouble holding 30FPS at 720p; 1080p is basically double that so with perfect scaling (and assuming VRAM is not a limitation) you'd be getting the same but it does not scale perfectly or even well. I think you'd be getting in the 20s in multiplayer...although everything to low might get into the high 30s.
CPU should be fine still but the GPUs are far too weak and have too little VRAM.