Thank you!
Question here: Are there any practical benefits to 64-bit operating system besides the fact that you can have more memory than 4 gigabytes?
That really is the main one. Performance differences are by and large going to be minor unless you are running into a memory cieling (though I'm sure there's a few exceptions where 64-bit does help noticeably... but if so, you'd probably already know about them from using those programs and reading up on them).
There's a few other minor benefits.
ASLR memory protection is arguably better on 64-bit. 64-bit Vista and later versions of Windows (though not 64-bit XP) enforce driver signing, which is an extra protection against installing potentially destabilizing drivers of low quality - though I personally find it to be more of an annoyance than a benefit, as sometimes there are unsigned drivers that are legitimately useful. But most people aren't going to notice these things. So I guess it depends on how you define "practical".
I'd go 64-bit with a new computer, just due to the memory benefits, but I don't think it's worth a reinstall for on an old machine unless you need more memory.
There's also the issue of 64-bit Windows not being able to run 16-bit code. On the whole, I'm pretty sure I run into more 16-bit code than 64-bit that doesn't have a 32-bit also available. It's minor either way, though. And just as you can run a 32/16 bit VM in 64-bit Windows, you can also run a 64-bit VM with 32-bit Windows using VirtualBox if you have a CPU with Virtualization Technlogy.
I'm looking into a new laptop. Does
this seem to be worth getting? How long could I reasonably expect it to last?
Well, it depends. For the price, the specs are pretty good (though the resolution is indeed pretty low). But, you can probably do better if wanting it to last is a primary concern. Acer is pretty much at the bottom of the totem pole among major brands in terms of their reputation for reliability. And with that good of specs at that price, costs must have been cut elsewhere. So I would not bet on it lasting a long time. Maybe two years without significant issues on average? Which means half of them lasting less than that.
If you want something that has a better chance of lasting awhile at that price range or not that much higher, I'd look at Lenovo's IdeaPads or ThinkPads (the T series is best, but the lower-priced R and such will still be a lot better than a consumer-grade Acer). The specs won't be nearly as impressive, but the average reliability will be quite a bit better.