@fanofthemule, are you wanting to use standard def or keep it HDV?If HDV than you will have m2t files.How will you deliver ?Bluray?I don't know off hand if movie studio handles hdv or not it should though.Mostly depends on your processor,you need 2.6ghz or better.What i would recommend is capture useing HDVsplit or the internal vegas capture.Render those m2t files to standard def widescreen,do all your edits and than replace the standard def with original m2t files.There are extra steps with HDV footage and you need a very fast computer.