Graphics cards are more about generating content than just displaying it, so cutting plain video like HDV is not taxing on them. If you do image manipulation, use Motion or Color, or do any 3D or graphics work then graphics cards are more important.
You can Wikipedia RAID for a more detailed description but here's the jist: the three most common forms are RAID0, RAID1 and RAID5. RAID0 is for speed, RAID1 is for security (ie file backup) and RAID5 is for both. They all require 2+ discs. They can be run via software (using your Pro's processor) or hardware (having their own little processor in the hard drive casing).
I wouldn't go down the software route as video editing is pretty processor-hungry already. The only one I could see being of potential use to you is a hardware RAID0. RAID0 treats two (or more) drives as one big one, so you can simultaneously read or write to them at the same time, which means you can deal with more data at any one time.
If you edit HDV you don't need RAID an extra 500GB internal dedicated to video footage will suffice. (You're best keeping your footage off your system drive, incidentally.) If you intend to edit in ProRes you need more speed and therefore a RAID.
ProRes is (perhaps somewhat confusingly to the novice) used to edit either lower- or higher-quality footage. It cuts professional footage down to a more manageable size without losing quality, and speeds up editing of lower-quality, heavily compressed footage (HDV). It's also handy if you intend to muck around with the colour in your projects. You can find out more about it on Wikipedia or Apple's website; but if you find yourself looking up a lot of phrases in those descriptions, it probably isn't something you want to dabble in at this stage.
So... if we're talking you wanting a nice system for editing home movies, you'll be fine with the 2600 and an internal drive dedicated to footage. If you're intending to do something a little higher spec, with fancy motion graphics and heavy colour correction/manipulation, you would be better served with the 8800GT and a Firewire RAID0 like this >
http://www.g-technology.com/Products/G-RAID2.cfm (Apple's internal RAID hardware is on the pricey side). Judging by your post I'd assume the former would accommodate your needs, but it's not a bad idea to have a little room in your pants for Christmas when you may want to eat a little more, if you know what I'm saying.