I did find an article that may answer someof your questions. I'm certainly by no means an expert..
Expert View: Are You Ready For HD Video?
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Do you have a fast PC with a huge hard drive? You'll want your system to have a powerful processor, enough RAM, a powerful graphics card, and enough storage to handle enormous files. I'd suggest getting a dual-core processor with 2GB of RAM. You'll also want a graphics card that has at least 128MB of memory and a 200GB, or larger, hard drive.
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I'd recommend reading the article and see if it answers any of your questions! I'll dig around for any other ideas I can find.