I'm a little puzzled that you can buy a computer with those decent (if not overwhelming) specs, but only 2G of RAM.
Your graphics driver is a bit dated, but not too bad, if you choose to update it, go to Nvidia directly, just Google it, or find the link on my site.
Max the RAM.
I'm not the expert here, but you should be fine, and if you run into problems, we are here.
Also, please visit PDTooTs for clear, friendly PowerDirector Tutorials to get the most out of your new software.
Again, the link is below.
HP Envy Phoenix/4thGen i7-4770(4@3.4GHz~turbo>3.9)
Nvidia GTX 960(4GB)/16GB DDR3/
Canon Vixia HV30/HF-M40/HF-M41/HF-G20/Olympus E-PL5.
Tape capture using 6 VCR, TBC-1000, Elite BVP4+, Sony D8 camcorder with TBC.
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