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With my experience, Sony Vegas Pro 9 is great at handling standard definition MPEG-2 content on my 1.66 GHz Dual Core. As far as the processor type goes, a quad-core is a great (if not your best) bet for editing MPEG-2 TS (transport stream), which is the HDV recording format. Considering that it’s HD, you may get some laggish. That’s one reason why I put off upgrading to HD with my current system. A quad processor should have twice as much power as a dual core, so it’s definitely worth a shot to try before upgrading.