The i7 will be FAR more useful than the 780, especially for video editing. Just about all of these programs were first utilized for processors only. That's right: until relatively recently, video editing didn't even bother using the GPU! However, as Intel falters on improved CPUs, these programs are starting to utilize the power of GPUs to increase performance. The new Mac Pro is a perfect example: with two GPUs, one is used pretty much ONLY for rendering.
However, these programs still rely heavily on the CPU. The i7, as you know, is hyper-threaded, allowing for 8 virtual cores. The i5 is not, which means that your quad core is 4 virtual cores. The i7 allows for these programs to be used more efficiently.
The upgrade from the 775 to the 780 is fantastic, but your performance is not as dramatically improved as it will be with the i5 to i7.
VRAM is becoming much more important for some programs, like Blackmagic's Davinci Resolve, but, by and large, your #1 concern should always be the CPU.
I still might agree with others saying to wait for both if you can because the 2GB VRAM might limit the longevity of the machine when these programs start increasing the minimum requirements for VRAM.
Good luck!