Originally posted by 24X36NOW Speaking from experience (built my 1st PC about 7 1/2 years ago), you won't save money vs. buying a pre-built PC; it'll probably cost a bit more, in fact. You can't get the volume discount prices that outfits like Dell get on parts, so you're at a cost disadvantage building your own.
What building your own DOES let you do, however, is choose the top-notch components for every piece of your PC to maximize performance and reliablity - with a pre-built, there's usually some compromises on certain bits (that's how they keep their prices competitive while keeping what you "see" high end).
Depends a lot on what your needs are.
Example:
Dell Inspiron 530
Intel E4500 (2.2ghz)
1GB DDR2
320GB HDD
19" Widescreen LCD
Blu-ray/DVD combo drive
Windows Vista
Price: $900
Doing a search on Google Shopping, I could find all the parts for this system for a total of $890, including Vista and the Blu-ray drive. Factoring in the shipping costs and the fact you'll have no complete warranty for the system, it's not a good deal.
BUT, you can assembly the same PC, with slightly better specs:
Intel E4500 (2.2ghz)
4GB DDR2
500GB HDD
19" Widescreen LCD
Blu-ray/DVD combo drive
For as little as $700. The Blu-ray drive itself costs almost $200, you can probably live without it so it amounts to
$550. Throw in the OS you already have and you paid half the price of the ready made PC, with a lot more memory and disk space. You could even throw in a few more bucks for a better processor. It's very easy to assembly a PC that costs a lot less than what Dell and others can offer and performs far better.
Now back on topic and answering the OP's question, I think that system might handle it if you give some more memory. However, applying a fair amount of post-processing will certainly put a strain on the processor and the slow memory. Don't waste your money on this machine, save for a new one. This PC won't be worth anything for re-sale, there's no point in investing in it.
Oh, stay away from the Celeron processors, they are the deep bottom of the line.