NLE on a Powerbook G3 400MHz

I am about to get a Powerbook G3 400 MHz 128MB 6GB, firewire 2go, VST 6gb firewire drive and Premier 5.1c. I whant to edit my 20 min. short and then feed it back in to a SONY trv900 and for it to be my master tape. Is this posible? Am I missing somethig? I am just starting out and really need some help. Thanks.

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