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And ...
IF you are aiming for very high quality, top color quality video, you need a monitor that is factory calibrated to be close to the standards. OR you can buy a color calibrator and calibrate. But still your monitor must be capable of 10 bit color, and handle 100% of the color space you intend to work in.
Without a monitor capable of accurately reproducing the color space, you cant get top results, so hd, memory, whatever won't matter. That is ONLY if you look to do top quality editing.
Viewsonic is my favorite affordable monitor co. for accurate color repro.
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