I found this netbook(?) somewhere in old things and just wonder: can linux be installed on it?
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Linux is a family of open source Unix-like operating systems based on the Linux kernel, an operating system kernel first released on September 17, 1991 by Linus Torvalds. Linux is typically packaged in a Linux distribution (or distro for short).
Distributions include the Linux kernel and supporting system software and libraries, many of which are provided by the GNU Project. Many Linux distributions use the word "Linux" in their name, but the Free Software Foundation uses the name GNU/Linux to emphasize the importance of GNU software, causing some controversy.
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Yes you can, it won't be great though.
I used to maintain a Linux distribution called "OpenWM8650" (back in 2011 / 2012) which was specially aimed at the WM8650 and WM8505. It would run off the SD card. Which wasn't great, but the flash onboard support was horrible at best.
Maybe you can find some old information on it, on XDA because the website for the initial distribution is long gone.
https://archive.org/details/wm8650-linux It might have been archived here.