Aha Zorro, we meet again!
Sorry, always wanted to say that.
Anyhow, I have not worked with that specific machine, but I do work exclusively on a 3ghz P4 laptop. I assume that it is a 2.33 GHZ processor and not a 233 mhz processor, and it is a “Core Duo” or a “Core 2 Duo”. Either way it will give you a lot of bang for your buck. The chips will be more than fast enough for what you will be doing. There will still be some render times in after effects, but unless you put on 40 or 50 effects on 30 layers you should not have to wait overnight.
The largest boost would be from the Nvidia Quadro graphics board. In after Effects you can enable “Open GL Acceleration”. This will significantly speed up workflow, especially scrubbing the timeline during project creation.
As hard drives go…Even a lowly 4200 rpm drive can chug along at 18mb (mega-bytes) a second. DV video requires 3.8mb (or so) a second. I started out with a 4200rpm 60 gig drive (had no problems) and recently upgraded to a 5400rpm 120GB Seagate and am very happy.
I run the Creative suite myself, and even though I only have 1.25 Gigs of memory my machine still handles it like a champ. (Just for reference, I have the Toshiba P25-S520).
Just make sure that you have the latest driver from Nvidia and all should be well. Oh, and an external HD is always a welcome addition.
Scott