It's a bit of a 'how long is a piece of string' question, Bob.
A lot will depend on exactly what you want to do with the video, whether you want just basic cuts/dissolves, or special effects, multi-channel audio mixing or surround sound output, encoding to DVD/Blu-ray or low-res youtube, etc.
Pinnacle is capable of most of those things.
I use Adobe Premiere Pro, but if you just want something very basic, something like Movie Maker should do.
Computer?... again, it depends on how complex the editing projects you intend to work with, but the basics are a fast processor (or more than 1 processor) plenty of RAM, and separate source and target drives. A separate graphics card with plenty of RAM will also help as it doesn't rely on the main processor/s and RAM as much, so editing, rendering and encoding are performed much faster.
Obviously, a lot will depend on your budget for equipment and software.
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