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If you are editing HD video recorded with an MRC1, you are editing HDV (not AVCHD).
Sony Vegas relies entirely on your computer’s CPU to process and manipulate video data, and does not utilize the GPU at all. Vegas will run just as well with virtually any modern video card from NVIDIA or ATI (AMD), as at will with a high end workstation graphics card. Just be sure that it supports hardware acceleration for playback of the common HD codecs (MPEG-2,H264 and VC1). If you are only using a single monitor setup, even a motherboard’s built-in graphics will work just fine, so long as the chipset supports hardware acceleration of HD codecs as mentioned (like NVIDIA’s 8200 for example).