Help with upgrading a current PC to video editing standards???

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my current desktop school issue lenovo thinkcentre m80 following specs:

  • intel(r) core(tm) i5 cpu 650 @ 3.20ghz
  • 4.00 gb ram
  • nvidia geforce 310
  • 1x300 gb hard drive
  • windows 7 32 bit premium

 

i don't have ton of money, got cs6 suite gift , hoping upgrade existing machine. using hd video editing , dslr photo editing. thinking adding/switching:

  • geforce gtx 470
  • 16gb total ram
  • upgrade windows 8 pro
  • 1-2 tb 7200 10000 rpm

 

will cut it? suggestions building entry level video editing machine on budget? should start scratch? thanks.

i hate discourge dual-core discontinued cpu.  lga 1156 socket discontinued.  avchd editing requires lot of cpu power , gtx 470 discontinued.  go our premiere pro benchmark (ppbm5) website , if select model cpu tab , select i5 series see few i5-650's @ bottom of list.  think should start on chance of editing hd media.



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