First warning sign, the production process took an exceptionally long time, pausing at 0% and 99% especially. Otherwise, the production process did complete, "Successfully."
Except that the produced video begins with a chunk of slow-motion, soundless frames from the beginning of the captured source file, becomes pixelated at random, and attempting to seek to different points in the video using a media player (to try to find some portion of it that isn't useless) breaks the media player's mind.
Unless my camcorder is producing defective video in the first place, something I doubt, PowerDirector is screwing up the import process, creating HD videos that it itself cannot interpret when it comes time to edit and produce them. Is this a known issue?