I work about 10 hrs a day on it and its on 24/7. At night I just close it and it goes into standby.
Video editing I didn't do anything yet. But performs well overall. Your bottleneck might be the IDE drive and a small 2.5" one too, which are usually slower than the big versions for desktops. And it's 5400 rpm I think. But still, I think it can do the occasional dvd rip and mpeg encoding etc quite well. But for full-time video processing a desktop may be preferable
I have 512 MB, upgraded from 256 right when I bought it
added:
as for heat, it doesn't get hot at ALL. I have it running for like 5 days or so now and it barely gets a bit warm now and then, if at all
Definitely still get a centrino if not the R40, no noise no heat long battery times
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