This is planned, but as you deduced it's not the highest priority at the moment. However, it would be great if someone decided to help out with this - we may apply for GSoC this year, and this could be a good task for a student.
We are reluctant to give out blanket statements on system requirements, but yes, the new version is more demanding and requires at least 256MB of video memory (shared or otherwise). If you experience problems, try minimizing graphics as much as possible in options and play at 1024x768. If this still doesn't help, it may be a good time to see if you can buy a new video card (NVIDIA 7600 with 256MB VRAM is probably about the most low-end you can get and still have an enjoyable experience - me doing some guesswork here).
We have exporter scripts which integrates STK specific panels into Blender. Writing a good track editor from scratch is an enormous task which at the current team size may eventually happen after v 1.0. So don't hold your breath - learning Blender is probably a better way to spend your time.
Thanks for all the positive comments folks!
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