IIRC, Aces High has issues with the S3 GPU's? I'm not sure if that still applies since they made the upgrades to include the older cards and alot of the Intel integrated graphics chips. I'm guessing it will work if you can find updated drivers for it, but whether it does or not you will eventually want to look into buying a decent video card. The integrated graphics controllers are very often buggy when it comes to games (for alot of reasons). I have even started seeing box games that specifically state in the requirements "only supports Geforce and Radeon series cards."
Anyway, see if you can find updated drivers on the net. Unless the S3 still is incompatible with AH, then I'm afraid the point is moot and you wont have a choice.
Good luck!