It will hopefully work, but it might be a bit tight. It should be possible to get significantly more code into the ESP8266 (currently only 12k is used for code/variables) but right now the ESP8266 port is still under heavy development, so I don't think anyone has had much of a chance to play around and see what can actually be fitted in.
Espruino is a JavaScript interpreter for low-power Microcontrollers. This site is both a support community for Espruino and a place to share what you are working on.
It will hopefully work, but it might be a bit tight. It should be possible to get significantly more code into the ESP8266 (currently only 12k is used for code/variables) but right now the ESP8266 port is still under heavy development, so I don't think anyone has had much of a chance to play around and see what can actually be fitted in.