Videomaker – Learn video production and editing, camera reviews › Forums › General › Video and Film Discussion › Need Advice for External Video Editing Drive › I used Vegas with a lowly P4
I used Vegas with a lowly P4 for a number of years and never had any capture problems.
RAM and hard drives are very cheap these days so I strongly suggest that you upgrade your internal drive to at least a 500 MB. model and your RAM to 2 GB.
As far as external drives are concerned, I've been happy with Western Digital and Seagate and never had an issue with USB 2.0 externals.