Bruce, for what it's worth, now that you've spent some money, I have been involved in a project called Out There for Argyll, an initiative organised by Radio Fyneside. Links www.forargyll.com
We were loaned a Sanyo Xacti, which is waterproof to about a metre, and given training on the editing package that comes with the camera - Adobe Premier Elements 3. I think that's available free. I found the help system quite good.
The Xacti has been improved since the model I've got. We were told to set it to 320 x 240 for YouTube - a mistake I think. This one goes to 640 x 480, and I'll probably be using that in future. The latest models are HD. It's a very handy, easy to use pocket camera, records onto SD cards in mpeg-4 format, which Premiere Elements reads and converts.
Anyway, the results are on my Youtube channel, MoonRakerAfloat ( http://www.youtube.com/MoonRakerAfloat
) or on www.ardfern.forargyll.com
, though you have to scroll down a lot to see them all.
The Windows editor is ok but very simple and lacks some basic abilities compared to Premiere Elements. I run that on an old machine with a Pentium 4 and 2 whatevers of memory in XP. It's usable but slightly slow when the video gets over 10 minutes.
A tip we were given by the experts - always work from the 'timeline'.