How far-reaching is the graphics card for video editing?

Some say-so the graphics card is important. Others utter it's not so important, that the overall speed of the chip and intricate drive really matter.

Here's my configuration if it matter.

Intel(R) Core(TM) 2 Duo processor E6600 (2.4GHz)

Nvidia Geforce 7500LE graphics card (this is an OEM card)

2GB DDR2-667MHz dual channel SDRAM (2x1024)

320GB RAID 0 (2 x 160GB SATA HDDs)

conduct

LightScribe 16X DVD+/-R/RW SuperMulti drive

16x max. DVD-ROM

256MB NVIDIA GeForce 7500LE, TV-

Sound Blaster Audigy 4, 24-bit ADVANCED HD Audio

15-in-1 memory card reader, 2 USB, 1

How far-reaching is the graphics card for video editing?

Yea its important to a point, if you don't hold a good graphics card, afterwards the video might come out choppy and have other problems. But your video card is flawless, so you don't need to verbs about that. The processor and amount of RAM is more significant than a video card.
lol usb memory card reader? how about mouse & grand piano?
graphics cards help video editing become smoother, i guess the best graphics cards for this are ati all within wonder cards your configuration seems fine but nvidia is not much of a video editing company to me.
Your card will work freshly fine.