You might want to find the laptop messages in the hardware section http://forums.adobe.com/community/premiere/hardware_forum
Processor and memory are only PART of what you need... you also need at least TWO hard drives (NOT partitions on one drive!)
Some Buy/Setup tips http://forums.adobe.com/thread/436215?tstart=0
Happy thanksgiving to you.
If you take a look at my PPBM4 benchmark results page you will see that near the bottom of the submitted results matrix there are at least two laptop results with dual cores at 2.4 Ghz. With these kind of results it is quite certain that you would not be happy trying to edit your AVCHD video from your HF11 camcorder. No one on this forum would recommend anything less than quad-core and even then you would not be happy unless you have an i7-920. I cannot comment on Premiere Elements and AVCHD. Also you should search for compatibility problems with Canon 7D and be prepared the suggested solutions to handling this format.
Think twice, no three times at least before using a notebook. Look here: http://forums.adobe.com/thread/438156?tstart=30
With AVCHD material your educational license is the only advantage when you are retired and have finished your first project on such slooowww equipment. The laptop just does not cut it.
I paid around $2500 for a Sony laptop mainly for my photography business. One year later and it is already outdated!
I guess after buying a video cam, software, mic, tripod head, etc. what the heck is another thousand or so, right! Seriously, it looks like I may be able to find a new desktop for not that much money. If I am going to get into video might as well do it right.
I really appreciate your help - thanks. And as my wife has been telling me this morning - get the heck away from the computer and enjoy the holiday. But this is what I enjoy! LOL!
Would something like this work -
not sure how to get the link to work - it is a Dell studio SX8000 model.
What I plan to build is listed near the top of my notes page http://www.pacifier.com/~jtsmith/ADOBE.HTM
While Dell and HP both build good computers, having one built with all the equipment for video editing can get expensive in a hurry
Plus, both Dell and HP pre-install a lot of "help" applications that have to be disabled before you start editing
I prefer to build my own