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The hardware and software isn't there yet.
In addition, PR has no support for anything 720.
Again, it's the processor that is most important, and RT native editing isn't yet a reality.
NLEs really haven't been written to handle the footage well, so it just seems that a software upgrade is needed. Which might be difficult to do on your own
I transcode to DVCproHD and have no problem cutting on my 1.7Ghz dual core notebook with only 2 gigs of ram.
In Windows, Premiere Pro does use the video card for acceleration, so it WILL help. I have a Nvidia 9800 GTX 512MB card (along with a Q9450 processor and 4 GB of DDR3 RAM), and I've seen better performance that what a lot of people are reporting.
If you use the core codec you are transcoding the avchd files. No computer that fits on a desktop will have a fast enough processor to allow you to edit avchd files in full resolution in full frame preview. The processor would have to be close to 6 ghz and not two times 3 ghz.
But it seems that you are among the few that has experienced RT editing with native footage.
Would this be 1080i or 720p? With what editing software?
And is it full frame, native RT editing to what extent?
FX? Titling?
how many layers?