The virtual earth looks fine, but the opamp is very slow. Maximum slew rate is 0.03V/us typical. Even so, that should be enough to give a 2V pk-pk sine wave output up to about 4.7KHz. If it's for audio, I'd want a much faster chip.
edit: Wait... what?!
I just read some more in the datasheet - the GBW is only 100KHz typical, so your frequency response will roll off at about 9KHz, and distortion will probably be bad since the feedback factor will be very low over most of the audio band.