Will my computer handle HD video editing?

In about a month I'm planning to buy a Panasonic GH2, and with it film and edit HD footage. I was wonder if those who have worked with HD footage (I've only used SD previously) would be able to tell me if my computer would be able to handle it.

2.5GHZ Intel Dual-Core
4 GB of RAM
768MB NVIDIA GeForce GTX 460
600 GB of storage space

I use Premiere Pro CS4, and I have access to Adobe media Encoder and Handbrake.

Also, what would be the best format to edit in? Thanks for your time.
 
I've never understood the complaints of Vista. I've personally never had any problems with it. After all of the years, I've never ran into anything I didn't in XP. Maybe I'm just lucky, but Vista has been serving me well for quite a while now. I have more problems with my card's display drivers than I do Vista.
 
I've never understood the complaints of Vista. I've personally never had any problems with it. After all of the years, I've never ran into anything I didn't in XP. Maybe I'm just lucky, but Vista has been serving me well for quite a while now. I have more problems with my card's display drivers than I do Vista.

It will start when you render HD files and view them with Windows Explorer.
 
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