is it worth getting an external hd with a fire wire?

The CPU is essentially a bargain chip, that's your bottleneck. you'd be much better off with a Phenom or an FX and can build a barebones kit based on one of those on Tigerdirect for under $300. What uclacardfan said about the video card is incorrect, you are processing video not rendering it so the GPU is irrelevant.

so you would buy a new computer instead of upgrading this one?

[maks]

so you would buy a new computer instead of upgrading this one?

Assuming your motherboard will support a better CPU, you can spend

http://www.tigerdirect.com/applicati...1351&CatId=332 $250 for a complete system

or

http://www.tigerdirect.com/applicati...262&CatId=4432 $99 for the same chip by itself

For me it's worth it because of all the other crap in the package. For instance the barebones kit is running 1600Mhz RAM, according to cpuid yours is running 600Mhz, and that makes a HUGE difference.

[maks]

Also since you'd be going from AMD to AMD you can (probably) just pop your old hard drive in there and let Windows pick up all the new drivers and you wouldn't even have to reinstall or anything