For general use, like internet browsing or basic office applications, it can probably still get by ok. For gaming, it will be difficult to say the least, however there are still a good many people using them even with somewhat decent graphics cards.
I won't lie to you and say "sure, that one is still perfectly fine" like might be true with something like an Ivy bridge 3770k, which itself is pretty damn long in the tooth, but that i7 is still probably better than a lot of the FX processors people are even to this day using in their "gaming" systems. Yours however is somewhat slower. Considerably in fact. Both overall and in single core performance, it lags behind an FX-6300 which is long past (Actually, it never was really) the point...