You are perfectly OK with this system for CS5 and SD/HDV editing. You may even forego the Velociraptor for the moment, till you have more funds available.
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My CS5/AVCHD 1st Impressions http://forums.adobe.com/thread/652694?tstart=0 includes a link to what I built
Mine is VERY close to what you have listed, with the exception of 12G ram -vs- 6G and a GTX 285 card -vs- your graphics card (you don't have enough card ram for the nVidia hack, but you can always buy a different card when $$ is not so tight) and I am doing "simple" AVCHD edits with good results
Harm, thank you very much!
Thanks, John. Oh, yes, I worked that link over thoroughly. I'm getting ready to go back and see if you provided any info on the actual building.
>info on the actual building
I didn't post any pictures... so a couple of thoughts
1st is I am OK with my mid-tower, but a full tower would be better so all the various cables wouldn't be so cramped
2nd is that I mounted the CPU cooler after the motherboard was in and ram installed... this was in case there was a problem with the non-Intel cooler getting the way of ram install, which turned out not to be a problem with the brand/model I picked... and it was VERY nice that there was a cut-out in the motherboard mounting area to allow me full access to the back side of the motherboard to mount the cooler
Actually, a 3rd thought is that I added 2 side fans right over the CPU and nVidia card, so have plenty of cooling even though I do not overclock