Since you'll be doing video editing, you'll be working with large files, therefore you need the best sequential transfer rates from your setup.
What always comes into question is money. If you have an unlimited budget, get a large raid 0 array of 15krpm scsi drives. If money is a concern, I don't think it'll be worth it.
But I think your best option would be for a raid 0 array of your current ata drives, even better if you have those nice wd 8mb buffer drives. Serial ATA won't improve your performance, it's just a better interface than the current ata (round cables, less wires, no more slave/master settings, etc).