Would this PC spec be good for HD Video editing in Sony Vegas and Adobe After Effects?

A

Adam

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CPU: AMD Phenom II X4 965 Black Edition
Operating System: Microsoft® Windows 7 Home Premium 64-bit
Motherboard: Asus M4N68T-M
Memory: 8GB DDR3 1333mhz (2x 4GB)
Hard Drives: 1TB S-ATAII 3.0Gb/s
Optical Drive: 22x DVD±RW DL S-ATA Lightscreen
Graphics card: NVIDIA GeForce GTS 450 1GB
Sound card: Onboard 7.1 Audio
Case: Zalman Z9 Plus
PSU: 500W Xigmatek

I'd be using Adobe After Effects, Sony Vegas 10 to edit HD videos. Would this allow me to do so with no lag and no freezing?
 
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