It should work, though our local Microsoft MVP has raised some concerns about whether it is legal. It takes a complete reinstall and it is recommended you download the 64-bit drivers for your laptop before you try.
Also be advised that the ISO version is not the same as the customized version installed by Toshiba. They may include special software, like trials of Microsoft Office or an anti-virus; it may also have included onscreen volume/brightness software and touchpad software. If you cannot download that software from Toshiba or find alternatives, then you may have to do without.
Quite honestly, it is a lot of work just to get 700MB of extra RAM. Unless you are doing CAD-CAM or intensive Games, you probably aren't using the 3.3GB you have now.