Powerbook running Imovie HD Slow-help.

Emrtr4

macrumors regular
I am running Imovie HD on my powerbook, but everything is PAINSTAKINGLY slow. I took nearly 18 hours just to import four hours of HD footage into Imovie. Is there something wrong with my computer or is it just that my comp cannot keep up with HD material.
Any help with this would be appreciated.
specs-
80 gig 5400 RPM hardrive
128 meg Radeon 9700 graphics card
2 gigs of ram
1.5 ghz processor
Superdrive
15.4 inch display
 
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