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If you check this out, you'll see that there are various modes to couple hard disks. RAID 0 is a popular mode for home users, not really that safe, but about twice as fast as a single hard disk. There are other modes which combine automatic backup and data throughput. These modes need more hard disks, but it could be worth it. Cutting important large video files might be a scenario for RAID 5, because it gives you speed and redundancy.
Where outdated G4 hardware shall be faster than anything new, like a Core i7 platform, for example, is where fanboydom gets blinded by obscure brand technocracy. It's bullshit.

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I have cut video in adobe premier, vegas and final cut. Eric is going to delve into an area of his field that has an established process and methods. If he has to pick up the phone and ask another editor for help with sound levels or transitions or after effects or what have you, he will be in a far better situation if he and the person on the other end of the call are both looking at the same screen.19 out of 20 of those screens would be Final Cut.
You speak to the speed available. Five years ago when I began cutting, it was with an old mirror-door dual 1ghz g-4 with a Matrox RT i/o box that allowed me to RENDER IN REAL-TIME that is as fast as is possible
The fact that I favor Mac over pc, because I never have viruses, I find it to be much more stable, and though initially more of an out-lay,I am certain that it holds it's value better and I have spent far less time fixing Macs and more time actually getting some work done.
There are a lot of ways to cut video and everyone I know that didn't use final cut, eventually they tell me they are getting a mac