I got my panasonic hmc150 this week and I edited this small clip

HMC150 first weekend test footage on Vimeo (http://www.vimeo.com/4347459)

If you look closely there is some minor glitching in the movement of some clips. I've seen this in other peoples HD clips as well. I exported it at 720 60p since I shot it in 720 60p. I also compressed it with H.264 and it was still doing the glitching. The footage was conformed in Cinema Tools 24p and imported into FCP 6.0.5. When editing everything is CRAZY clear and smooth, I just don't know why it would glitch.

Any advice?

My guess would be that the glitching is because you conformed from 60p to 24p. That's pretty hard to do smoothly. Try conforming to 30p instead next time.

Greg, your footage looks really good on Vimeo. Are you saying it has a few glitches when you play it on your maching in a quicktime movie, or when you view it on Vimeo? I know things I put on Vimeo dont play smoothly unless you download it and view it from the original file.
Site like Vimeo and You Tube host your video at their framerates and bit rates so you dont have much control over the final output

I though your shots looked very smooth. What rate is your slo motion footage and did you just change the clip speed in FCP or did you use motion and optical flow?