OT : More CPUs or Faster CPUs

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I am soon to purchase a new PC. It will run Fedora and its primary purpose will be:

1) Transcoding my DVD library to xvid-avi's so that they may be watched on my media player 2) Editing training videos that I create and burning the finished product to DVD for distribution

To transcode I will most likely be using dvd::rip and for editing I will probably be using cinerella

Now that that is said and money not a limitless resource I have some choices to make. One of those choices is CPU configuration. For the tasks above, which is better:

1) A single very fast CPU
2) Dual core CPU with combined speed greater than or equal to a single CPU but each core slower than a single CPU 3) Multi socket CPU with combined speed greater than a single CPU but each CPU slower than a single CPU

Bang for buck, option 2 sounds the best to me but I am concerned that the process of transcodeing is single threaded and would not take advantage of multiple CPUs.

Thoughts? Suggestions?

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