MeeGo requires GPU acceleration support to run. The people behind MeeGo have decided not to include any support for proprietary hardware, this includes any device with Nvidia, ATi. or in this case the Intel GMA 500 which uses a PowerVR core. So unless someone else (Novell maybe) decides to roll their own MeeGo distribution with support it will not be possible.

For what it's worth I tried using Ubuntu's Moblin remix, and even with the proprietary drivers installed, I couldn't get the Moblin interface running. so who knows.