"I've found the new Vegas Movie Studio HD Platinum 10 Production Suite to be pretty robust at editing 1080-60p footage from the TM700. For $125 it's pretty incredible actually.
It's got a fairly steep learning curve like all the NLE software these days, but the results can be incredible. The new "Stabilize" function for shaky action shots is one of it's most impressive features.
Here was my first try with it. This is all hand held, fully auto, untouched footage. There's no color correction or sharpening of any kind. I simply dropped it on the timeline, added some music and saved as a 720-30p 6mbps wmv and uploaded it to Youtube. It's that easy to get something you can actually enjoy watching. At least I think so."
I am sorry, I viewed this video. There are compression artifacts all over the place; for example, if you look at the in-focus tree leaves in the background you just see a fuzzy mess. This video is painful to look at because of the reduced resolution and garbage introduced. It is made all the more painful because it looks like the original would look really good, if shot with a TM700 and showed at at least 1080i a tthe original bitrate.
The point is that Vegas Platinum, given the settings you chose for output, mangled the video. I know what the TM700 can do, and this hardly shows its qualities. Presumably, the Vegas program can also do better. But 6Mbps wmv 720 does not cut it.
This is not a criticism of the camera or the photographer - it is to make clear that the video does not do justice to either!