The sort of spec you listed i.e, quad core, 4Gb ram, 2x hard drive will be more thasn enough. It beats what I have hands down and I edit high def video.
Make sure you have a firewire port in it - assuming you have a miniDV camcorder.
It's the capture from VHS tapes that is the non standard bit. YOu will likely need some extra hardware here or a camcorder with A/V passthru.
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