AVCHD video editing build, please comment

I think I've put together a workable system. My biggest concern is editing video of the grandkids using a Canon HFS100, which records in AVCHD -- a very power-hungry format, I'm told. Most of the projects will utilize maybe 30 minutes of footage edited down to 10 minutes, then burned on DVD to ship to family out of state. I plan to use Sony Vegas Platinum Pro 9 and Photoshop Elements 8 for stills. This is not a business and I am not a gamer.

CASE: Cooler Master HAF932
CPU: I7-920
OS: WIN 7 PRO 64
PSU: Corsair CMPSU-W750TX
GPU: PNY Nvidia Quadro FX 580 512MB PCIe
COOLER: Cooler Master V8
HDD 2 (RAID 5): W/D Caviar Black 1TB 7200 RPM SATA x3
RAM: G.SKILL 6GB (3 x 2GB) 240-Pin DDR3 1600 (PC3 12800) F3-12800CL8TU-6GBPI
OPTICAL 1: LITE-ON 24X DVD Writer SATA Model iHAS424-98
OPTICAL 2: Sony Optiarc 24X DVD/CD SATA Model AD-7240S-0B

Am I overlooking anything? Is it over-powered or overkill?
Thanks in advance for all comments
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More about avchd video editing build comment
  1. ^ i7 920 is a good option for video editing...But you can take a look at the i7 860...
    Overall using that CPU, you can bring down the platform cost significantly without any significant loss in performance...And also the 860 has better turbo mode(overclocks the CPU itself - which would be very much advantageous if you wont overclock the CPU yourself) and also lower power consumption...

    As for other components,
    1. You wont need that Workstation graphics card...
    This would do...
    PNY VCGGT2405G5XEB GeForce GT 240 512MB 128-bit GDDR5 - Has CUDA support that will help in speeding up video encoding and converting...And also as you dont game, this has more than enough power for your needs...

    2. PSU - You wont need 750W...get this OCZ 500W - It is 80+ certified, powerful enough to run any single chip graphics card out there and also is modular...
    OCZ ModXStream Pro OCZ500MXSP 500W

    3. CASE - Do you need a full tower ? How about this HAF 922 - HAF 932's small brother...

    4. HDD - The WD Blacks are fast, but the newer Samsung F3s are equally fast - in some cases even better and are more efficient due to their single platter 500GB design...
    SAMSUNG Spinpoint F3
  2. +1 to gkay

    I just thought I'd add that a change to the i7-860 will require a different motherboard as the i7-920 is s1366 while the i7-860 is s1156
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