I just used a combination of video converters and editors to re-do a video I shot with my $460. Sony HX1. I also used my shoulder-mount steadying rig, that is in the photo that is linked below. There's detailed explanations about the process I used for the finished video on the Vimeo page for the video. It's currently in the first position on my album there, which has a link in my Signature line. Click on the logo in the lower-right corner for the large screen window. It looks best if Scaling is set to the off position.

Currently on the first page of my Flickr album, there's a series of HD vid-caps of ducks I made from the 720p mode of the HX1

http://farm4.static.flickr.com/3464/3723244242_59b812cfaa_b.jpg