A quick google for (pinnacle studio 14 specs)
1 GB system memory recommended, 2 GB required for AVCHD*
DirectX ® 9 or 10 compatible graphics card with 64 MB (128 MB or higher recommended) - 128 MB required for Red Giant Magic Bullet Looks Plug-in: Pixelshader 2 required, Intel GMA integrated graphics not supported. - 256 MB required for HD and AVCHD*