yes the wmv was a bad test.
they both did a widescreen .MOD to .MPEG2 (.MOD: Video: around 9Mbps. Audio: AC3 (dolby digital) to MPEG2: Video: default export quality. Audio: MPEG 224kbps)
iv edited video on the software that came with the camera and it did it in a about few seconds to a minute longer ( if the video is long) than the length of the actual video.
the camera is a JVC Everio GZ-MG330 30GB HDD
but vegas would take like 6x or longer to do what the free software did.
vegas has a lot of cool features but it takes forever to render a video file.
i seen a video on youtube of a guy explaining how to export HD video for youtube he said it would take 17 minutes per every minute of video… WHAT!!!??? i dont know if he has a dated computer but still..