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Yes it should be fine for what you want to do, I think transcoding is mostly cpu based so the onboard GPU is fairly irrelevant and i5 is very quick. The HD3000 is fast enough for watching 1080i in MP so I can't imagine you'd have any problems with that setup. Any problems streaming wouldn't be due to an underpowered cpu or onboard video. [DOUBLEPOST=1360467888][/DOUBLEPOST]PS. The AMD F2 A10 5700 onboard video is a lot faster than the HD3000