New video editing pc.. will this work ? i'm new here, please help me out

hi everybody my name is mark, . i really hope i write and express myself correctly
first of all i'd like to say i love this forum. there are some brilliant ppl here with great advice.
special props to Mr Harm Millaard.. wow u know sum serious s*** !
i'm a pro musician my thing has always been protools, recording production etc. its time for me to get into video using adobe premiere pro
mostly i'll be doing my own music vids for my solo projects and for my band as well as professionally done as possible. i'm a nebie at all things video but i'm totally obsessive when it come to creative projects. it helps with the learning curve (:
this is my courant rig setup
http://http://www.newegg.com/Product/Product.aspx?Item=N82E16813131405
http://CPU INTEL|CORE I5 750 2.66G R
http://MEM 4Gx2|GSKILL F3-10666CL9D-8GBRL
3 Wd hd's 160 500 and 640 gb's
2 monitors 22' hanns g and a 19 "something
i believe a 400 or 450 w powersupply
stock vidow card
2 cd/dvd
i think that covers the basics
AFTER OVER A WEEK OF RESEARCHING AND NO SLEEP THIS IS WHAT I CAME UP WITH FOR MY NEW RIG
http://ASUS P6X58D Premium LGA 1366 Intel X58 SATA 6Gb/s USB 3.0 ATX Intel Motherboard
http://Intel Core i7-950 Bloomfield 3.06GHz LGA 1366 130W Quad-Core Processor BX80601950
http://G.SKILL Ripjaws Series 12GB (3 x 4GB) 240-Pin DDR3 SDRAM DDR3 1600 (PC3 12800) Desktop Memory Model F3-12800CL9T-12GBRL
http://HITACHI Deskstar 7K3000 HDS723020BLA642 (0f12115) 2TB 7200 RPM SATA 6.0Gb/s 3.5" Internal Hard Drive -Bare Drive
http://Western Digital VelociRaptor WD1500HLFS 150GB 10000 RPM SATA 3.0Gb/s 3.5" Internal Hard Drive -Bare Drive
http://EVGA 012-P3-1470-AR GeForce GTX 470 (Fermi) 1280MB 320-bit GDDR5 PCI Express 2.0 x16 HDCP Ready SLI Support Video Card
http://Thermaltake Black Widow W0319RU 850W ATX 12V v2.3, EPS 12V v2.91 CrossFire Certified 80 PLUS BRONZE Certified Modular Active PFC
http://Antec Nine Hundred Black Steel ATX Mid Tower Computer Case
total 1,399.92      i'm pretty much at my budget max
will this setup be able to handle both my protools and adobe premier cs5? am i missing something ?
what would be the best  HD set up wise for max audio/video performance  ? i was thinking a dual boot ?
with  2 new hd's i'll have 5 all told.
  3 for video... 150 veloci raptor  2tb Hitachi and WD 640
..2 for protools... the wd 160 and the WD 500
i guess i'm looking for the best way to set up my rig for max audio/video performance and pass the information on to my cuz who's in the pc building biz his thing is gaming not so much video editing.
i really hope i wrote this out correctly so everybody can understand what i'm trying to say and will be able to give me the proper guidance i need
let the suggestions begin
thank u for your time
Message was edited by: iammajick

thanks for your support guys. it now looks like i'm changing up  my rig again. looks like were going to be going with a RAID set up
3 x http://Western Digital Caviar Black WD1002FAEX 1TB 7200 RPM SATA 6.0Gb/s 3.5" Internal Hard Drive -Bare Drive
1  http://Western Digital Caviar Black WD6401AALS 640GB 7200 RPM SATA 3.0Gb/s 3.5" Internal Hard Drive -Bare Drive which i already have on the rig i'm using
  my cousin gino orffitelli who's mainly a gamer builder for his company  ePro had this to say in an email to me last nite.. he gave kool props to the adobe forums
'finally had a few min read through your email and skim the links you made in adobe'.....'as far as storage is concerend i believe the mobo's your looking at support RAID and from what i read thanks to your links, RAID 5 offers the best performance and saftey which means 4 HDD's.....' with the knowlege base your building and contacts u have you and i may just open a new direction for ePRO'.....
i try my hardest to understand RAID but since i'm a novice with computers its really hard for me to grasp it...http://forums.adobe.com/thread/525263
my brain is in overload insane trying to process all this (:
so guys... RAID 5 with the rest of the hardware i'll be using  ?
  like i said i'd like to have  the max performance for my  audio/vidio rig.
thanks again guys
mark

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