Hyper-V 3.0 and PE2950II

Hello

I have a PE 2950II and I would like to upgrade from Windows 2008 R2 to Windows 2012 with Hyper-V role enabled. Is the PE 2950II compatible with Hyper-V 3.0?

DELL PowerEdge 2950 II:
-Bios: 2.7
-CPU: 1 x L5420
http://ark.intel.com/products/33929/Intel-Xeon-Processor-L5420-12M-Cache-2_50-GHz-1333-MHz-FSB

Do you know if I can boot on a "Hyper-V Server 2012" livecd for testing purpose?

Thank you.