Your MBP is good for editing with FCP10, just make sure you have these things right:
1. If your MBP is early 2011 it will have two graphics processors inside, a standard Intel and a faster Radeon. Make sure that your Energy Saver settings are set to "Higher Performance" so that you use the Radeon for editing. Here's how you do this:
http://support.apple.com/kb/HT3256
2. Always store your FCP10 events and projects on a decent external drive, NEVER on your boot drive. Do NOT use USB drives for video editing as USB does not provide sustained data transfer, so it is not really for for feeding continuous video streams. FireWire is very good, Thunderbolt is spectacular.
3. Highly compressed formats such as MP4 (and mp3) put a lot of strain on your system resources. Although your MBP may be fit to work with such formats natively you will work much, much faster when you have such formats converted to higher quality edit-friendly formats such as ProRes for video and AIFF for audio proior to editing. You can optimize your media during the import process (Create Optimized Media) or you can do the conversion from the Events Browser after the media have been imported. You will notice an important gain in editing speed.
4. Make sure background rendering is turned off while you edit. You can always render manually whenever you wish. If you have imported a lot of media and FCP10 is still busy doing its background magic (conforming, creating thumbnails etc...) this may also slow down your editing. Check the Activity Monitor to see if you still have background processes running.
5. Do not export (Share) straight from the timeline. Export a QT movie from your project and bring this movie into Compressor for further conversions. This is a much, much faster process and in FCP10 this does not make any difference with regards to the quality of your final movie.
Best wishes,
Ronny