New Mac user with some questions!

Hello everyone, I fairly new to mac! (I came from the Dark Side....PC)And here is how this happen. I was searching a local web page of people that sell used computer and searched for a couple of days when I came across a G5 1.6 being sold for parts (DEAD G5 No Power issue), everything was in it but the HD. I thought I would pick it up for the $150.00 the seller was asking thinking I could possible purchase parts to fix it! LOL well that was a BIG heck no!! Well remember I have $150.00 in this already. Well after seeing all the problems everyone was having with the G5's and the dreaded no power "DEAD G5" threads every where I was getting a little worried if I wasted the money on a doorstop. I talked to a few people and look around on the net again to see how much used "working" G5 1.6 were going for, I saw a few that were inflated in price and saw some that were fair in price.
So with the research I did (and still a little worried if I did the right ting) I took the G5 to the apple store and had them look at it. They told me it could be the Logic board, CPU, and or PSU and was given a paper with the parts and labor as a est. $1083.00 was the price for the above parts to be replaced, I felt like I was being robbed. But I told them to look at it and call me with the issues before any work was done!
Ok as of right now I have $150.00 in it already plus the $100.00 Diag fee. No biggie at least the case is worth $250.00 for a PC case!(LOL) Just joking guys!!
The next day the local Apple store called me and told me it was the logic board, and when they get the new board in they would be able to test the CPU. So I told them to replace the Logic board.... Later that day the call came in saying the CPU and PSU were good and they installed Tiger on it for me for free. So far at the 1st visit to the apple store when I dropped off the G5 I was like dang I'm not enjoying this, but now afer a logic board replacement and level 2 tech it came to $535.00.
So
$150.00 (Purcased from seller)
$ 60.00 (160gb SATA HD)
$535.00 (Logic board & Level 2 Labor)
$745.00 total cost
Now here is the question!
Was it a smart thing to get the logic board replaced?
Will this G5 1.6 handle Final Cut Pro for 1080i footage captured with a Sony HDV-fx7?
Be Honest with me, I want to know if I was a goof ball or not!!
Thanks for you help
Mike Perry
Georgia Army National Guard
Support The Troops!
"Liberation Of Kuwait"
"Operation Enduring Freedom"
"Operation Uphold Democracy"

Hi MikePerry-
In accounting terms, your expense to repair the machine is considered "sunk cost." Even if you got totally hosed (and you did not) what's done is done.
You can check eBay for comparable setups.
This setup will be able to handle the stated editing needs.
I don't know you well enough to fairly establish any goofball factor
Luck-
-DaddyPaycheck

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    The other component of iWork is Keynote, and I like it much better than Powerpoint; to me it is just easier to use. I have never tried converting back and forth between Keynote and Powerpoint.
    Depending on what grade your kids are in and what they are doing, I think I would start off with iWork and see what, if any, problems they encounter.  Of course, if they are going to use the computer for a class in Office or its components, your kids are going to need a Windows machine with Windows Office, because Office for Mac is enough different that when the teacher says, "Now, move your mouse here and click on....", your kids are going to be lost.
    Hope this is useful.

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