The editing may be easier, but the conversion to MPEG-2 will still take a long time. The speed depends mostly on how fast your PC is, since the conversion must be done by the program software rather than a special hardware chip like on the Matrox video editing package.
I usually just let NeroVision Express run overnight to make the MPEG-2 files.
Fav quote - "Experience is whatcha don't get 'till ya don't need it no more."
System - Athlon 1.4GHz, Win98, Hauppauge PVR250 receiver and compressor.
Software -Magix Movie Edit Pro 10, Nero 6 + NeroVision Express, Moho 4.61, PSP 8.1, Bryce, Quicktime 6.52 pro, Goldwave 5, DVD-Lab.
Cameras - Panasonic GS9, Canon ES8400V, Canon EOS D20 and Canon A70