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5400rpm hard drive is below the 7200rpm specification... so editing would be VERY slow and subject to "jerky" editing playback
IF the laptop has a USB3 port (I don't see such mentioned) you could use a 7200rpm USB3 drive for your projects and video files
External eSata or USB3 are both fast enough for video editing... http://forums.adobe.com/thread/1117813 - http://ppbm7.com/index.php/tweakers-page/84-disk-setup
ONE possibility is this $47 USB3 dock with fan http://www.amazon.com/StarTech-SuperSpeed-Docking-Station-Cooling/dp/B0055PL2YI
Yes I'll be adding a 7200rpm hard drive and maybe two or an ssd as there are two bays.
There are the USB 3.0 ports as well.
Other than that do things look good?
[Moved to Hardware forum.]