Unfortunately not. That built-in video card only has the one output so you'd need to manually switch between a monitor and a TV that has a VGA type input.
It does have facilities to plug in a new PCI X16 video card though so that may be one way of solving the problem.
http://download.intel.com/support/mo...d9846601us.pdf
A new, reasonable quality gaphics card would cost around 100 dollars or so. Although you could go as high as 500. Or find a "last years model" on sale for around 50 dollars at some place like Newegg.com