Help with choosing a laptop for video editing?

vidds

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May 10, 2011
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I would like to edit non-hd video in some program like Premeire elements, Cyberlink power director, sony vegas, or something else in this catagory. I need some recommendations in choosing a laptop. What would be the minimum requirements for smooth operation? Is $550 enough?

Would something like this be good?
DELL Inspiron M5030 (iM5030-2800B3D) Notebook
AMD Athlon II Dual-Core P360(2.30GHz)
4GB Memory DDR3 1333
ATI Radeon HD 4250