Will the latest iMac handle FCP and Canon 5d Footage

I have an older iMac 2ghz (white model). Obviously it is struggling with the Canon 5d footage.
Anyone using the new iMac's with success or I am going to need to go the pro route?
I was hoping to go with the cheapest 24" and load it with 8mg of ram.
Any insight would be greatly appreciated!

Spring 2008, I edited on campus with a 20" iMac with a 1gb ram and a processor speed of 2.4 Ghz if I'm correct. I'll be honest I was so impressed with that machine. Today, I own a 2.6Ghz Macbook Pro and edit Full HD footage everyday at work. You'll be amazed at just how nice that new iMac will work. Actually, your thoughts are the same as mine, with the exception of the ram. I don't think that you need it. In fact, you might not even notice it. Stick to your guts on the pure power of the basic iMac, it may be much stronger than you think. I know that my next purchase will also be the basic 24" model. Why? Well, because my Macbook Pro 17" 2.6 Ghz with 4gb ram and 512 graphics card seems really similar to the 20" iMac I was using back in Spring of 2008 -- at a third of the cost.
Pretty cool, huh?

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