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Yes, you can use Blender for that, but you will have to spend some time to actually learn Blender (I personally find Blender rather unintuitive, but I haven't tried it with the new UI) and you will need a somewhat powerfull machine to get reasonable render times.
An extra video editor is not necessary, Blender has a good one already inbuilt.
Yes, it should give you somewhat good render times if you don't use too complex scenes. In general you will get better performance with more cores than with higher frequency and if you use the proprietary AMD driver for that videocard it may even be possible to use OpenCL to let the card help with the rendering, but I haven't looked into that.
I would just give it a try and see what you can do. After all Blender is free and there are plenty of tutorials available on the web (including Youtube videos).
Have a look here: http://wiki.blender.org/index.php/Doc:2.6/Tutorials http://www.blenderguru.com/ http://www.blendernation.com/2013/02...ideotutorials/