Thanks. I will look into WinDV.
However, since I made my last post here, I discovered that I have no problems at all if I capture the HDV video straight from my Canon HV10 into PD6. Apparently, PD6 doesn't like HDV captured using VideoStudio 11+. Why this is the case I do not understand, but it's really not worth looking into since I can capture straight into PD6 and have it work.
What I do like is how much easier (faster) PD6 is to capture the video than VideoStudio 11+ (VS11+). PD6 recognizes my Canon HV10 as a "Canon HV 10" immediately, whereas VS11+ takes a long while to even make the connection (as if it's searching for a matching driver), then finally comes up with Canon HDV device. Even so, I still can't do anything as all the menus are frozen for sometime before I can start a capture. VS11+ menus are more confusing with the capture as well. What I guess I am trying to say is that I am liking PD6 more and more as I use it. Much more intuitive and user friendly. Also, it doesn't have that dreaded "application has encountered an error" msg that VS11+ does just before it terminates and leaves you sitting there with nothing saved.
At the point in time, it is still up in the air as to which program I will use edit & render video. VS11+ does have more features, but I'm not sure if I would be using them. Btw, I also have Adobe Elements 3.0, but it is so memory hungry (read slow) that I will be putting it up on ebay.
So far, Power Director 6 seems to be the most useable video editor I have. That's funny, because you rarely read about PD6 on all the video & camcorder forums. Most focus is either on Adobe, Corel (Ulead) or Pinnacle video editors.