Is this a good laptop for video editing?

i will be transferring videos from my ps3 using a hauppage hd pvr and also editing videos from a hd camcorder. HP - Pavilion Laptop / Intel® Core™ i5 Processor / 14" Display / 4GB Memory / 640GB Hard Drive - Aluminum * HP Pavilion Laptop / Intel® Core™ i5 Processor / 14" Display / 4GB Memory /... show more i will be transferring videos from my ps3 using a hauppage hd pvr and also editing videos from a hd camcorder.

HP - Pavilion Laptop / Intel® Core™ i5 Processor / 14" Display / 4GB Memory / 640GB Hard Drive - Aluminum

* HP Pavilion Laptop / Intel® Core™ i5 Processor / 14" Display / 4GB Memory / 640GB Hard Drive
* 6-cell lithium-ion battery
* 65W AC adapter
* Software: Adobe Reader and more
* Owner's manual

Product Features

* Intel® Core™ i5-460M processor
Features a 2.53GHz processor speed with Turbo Boost up to 2.8GHz.
* Intel® Core™ i5 processor
Features smart 4-way processing performance with a speed boost.
* Intel® Turbo Boost Technology
Delivers extra performance when you need it and increased energy efficiency when you don't. Intel® HD graphics provide extra graphics power for your laptop when you need it.
* 4GB DDR3 memory
For multitasking power, expandable to 8GB.
* Multiformat DVD±RW/CD-RW drive with double-layer support
Records up to 8.5GB of data or 4 hours of video using compatible DVD+R DL and DVD-R DL media.
* 14" LED high-definition display
With BrightView technology and 1366 x 768 resolution showcases movies and games in stunning clarity.
* Intel® Wireless Display
Wirelessly transmits streamed or downloaded movies, TV shows, music, photos and more from your laptop, network or the Internet to your TV (NETGEAR Push2TV adapter required, not included).
* 640GB Serial ATA hard drive (5400 rpm)
Offers spacious storage and fast read/write times. ProtectSmart hard drive protection keeps your data safe.
* Built-in fingerprint reader
Protects sensitive information.
* Intel® HD graphics
Feature up to 1696MB total video memory for lush images. HDMI output for connection to an HDTV.
* Built-in TrueVision webcam with digital microphone
Makes it easy to video chat with family and friends.
* 5-in-1 digital media reader
Supports Secure Digital, MultiMediaCard, Memory Stick, Memory Stick PRO and xD-Picture Card formats.
* 2 high-speed USB 2.0 ports
For fast digital video, audio and data transfer. One eSATA/USB combo port.
* Built-in dual-band wireless LAN (802.11a/b/g/n)
Connect to the Internet without wires.
* Embedded 4G WiMAX mobile broadband technology
Gives you an ultrafast mobile Internet connection. (Wireless service contract required; sold separately. Check with carrier for coverage area and availability in your area.)
* Built-in 10/100/1000 Gigabit Ethernet LAN
With RJ-45 connector for quick and easy wired Web connection.
* Weighs only 4.4 lbs. and measures just 1.3" thin
For lightweight portability. Full-size, island-style keyboard for easy data entry.
* Long battery life
Of up to 6 hours and 30 minutes to give you more time away from an outlet.
* Brushed aluminum finish
With a stream design in argento for a stylish look.
* Microsoft Windows 7 Home Premium Edition 64-bit operating system preinstalled
Provides a stable platform for word processing, Web navigation, gaming, media storage and more.
* Software package included
With Adobe Reader and more. Microsoft Office Starter 2010 (product key card required for activation; sold separately) and 60-day trial version of Microsoft Office also included.
* ENERGY STAR qualified
Designed to use less energy and meets strict energy efficiency guidelines set by the Environmental Protection Agency and U.S. Department of Energy.
* Intel, Pentium, Celeron, Centrino, Core, Viiv, Intel Inside and the Intel Inside logo are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries.

i will also be expanding the the ram to 8gb. thanks in advance for any answers one more thing the software i would be using is the latest sony vegas software.
Update: After reading some of the answers I would like to add that I prefer using a pc over mac. Also its going to be for casual editing its more of a hobby so nothing too hardcore. Just making. Montages and gameplay videos with little effects such as adding moving titles and such. And maybe the occasionall casual game... show more After reading some of the answers I would like to add that I prefer using a pc over mac. Also its going to be for casual editing its more of a hobby so nothing too hardcore. Just making. Montages and gameplay videos with little effects such as adding moving titles and such. And maybe the occasionall casual game such as sims3
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