Minimum requirements for users to share media

Hi,
I am about to purchase a second g5 (dual 2gig/ 2gig ram)so my wife can assist me with editing projects. So now, for the first time I'm thinking about what may be involved in the two of of us working together sharing the same media. We could stagger our work and connect/disconnect external drives and work at different times. Or work with duplicate media.
When it comes to actually sharing media simultaneously, can it be done at all thru a ethernet network? Or must it be an Xserve or XSAN? My technical understanding of these other items is pretty weak. I can tell you this. We've been FW and DVCAM up to now. Along with the second G5, I am starting to edit Beta-SP very soon w/ a projected purchase of an AJA IO LA and 1/2TB G-tech G-raid drive. I don't know what that will do to our file sharing or staggered workflow. Seems to me, the staggered concept is just a matter of physically attaching drives from one computer to the other. A no-brainer if you will.
Appreciate any light that can be shed. Thanks,
Chris

I can't be done through ethernet. You need some kind of SAN.
Are you using Final Cut Pro? You might want to try the questions on that forum.

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