It also depends on what system you are running. If you have PC are you running a 32 bit version of windows or 64 bit? Also how much RAM do you have on the computer?
These two factors make a HUGE difference on video editing performance when dealing with HD, as 32 bit operating systems can't allocate as much RAM as 64 bit!
I have a 64 bit system, and have been running 32 bit software, and have had problems with jerky HD video because the 32 bit software couldn't use more RAM than I think 2GB for the actual program (not positive on this) even though I have 8GB RAM.
I recently got 64 Bit software (Not CS) and it's like I've got a brand new computer! - It is ENTIRELY different, super smooth, and I can have four video streams playing simultaneously on picture in picture and it runs perfectly! :-)
I would check the two items above first.
Hope this helps.