Can my motherboard handle my new processor?

I have a emachine wmcp61m motherboard (additional details:Bus(es)-AGP PCI IMB USB i2c/SMBus) dont know what that really is but anyways i was wondering if my motherboard would be able to handle AMD Phenom II X4 970 Black Edition Deneb 3.5GHz 4 x 512 KB L2 Cache 6 MB L3 Cache Socket AM3 140W Quad-Core Processor? And also if it can do i do anything to the bios and how do i take out the old cpu? thanks