Will my comp be able to edit uncompressed quicktime footage?

I have an iMac 3.06 Ghz Core 2 Duo, i3 with 16GB RAM.
I'm thinking of buying a Black Magic Hyperdeck Shuttle with a 60GB SSD, so I can record uncompressed HD footage from my Canon HV40. I plan to copy the uncompressed QT file that will be created by the Shuttle, to my computer for insertion into After Effects, and to there apply effects.
My question is: will that computer be fast enough to handle such large files?
Thank you.

My computer specs are: G5 PowerPC, 2.0Ghz Dual core processor, 8 GB RAM, 256 MB Ati Radeon 9800 pro graphics card and Final Cut pro 6.0.6.
To be clear, your is a dual processor, not a dual core.
An image is an image. As long as you can get the photos from the camera to the computer, your software should work as it always does.
Now, are you really asking about RAW support, or some other format support?
http://support.apple.com/kb/DL1072
https://discussions.apple.com/thread/2628722?start=0&tstart=0
Will it be able to edit the footage if I converted it to Apple Prores (LP, HQ or standard)?
Video?
http://mviconverter.over-blog.com/article-convert-canon-eos-60d-full-hd-h-264-mo v-to-fcp-fcp-7-for-editing-on-mac-os-x-lion-100666095.html
It is highly probable that your G5 is a bit old, slow, and that the software a bit late to be fully compatible with the Canon.

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