It is hopefully a concise summary of this thread
Powerdirctor imports, previews and edits the 1080p clips. Whether they play smoothly is dependent on your PC hardware. Most recent PCs are up to the task. see YouTube link here
Notice the hardware:
CPU: Core2Duo E6600 (Conroe-4M)
GPU: Gigabyte GeForce GTX 260
Motherboard: Gigabyte 965p-DS3
RAM: 6GB
Rendering to a file.
When producing a file you have several options to maintain quality.
1. Select the AVC profile and select 1080x1920@24mbps. This will produce an interlaced file from the progressive frames which in my experience is noticeably inferior to the original clips.
2. Select the same profile but edit it to a custom profile and change the frame rate to 59.97 and the field order to progressive. This produces a very good result and uses all the available information from each frame. However all frames are re-encoded to a lesser bitrate and hence there is always some degradation in quality albeit hardly noticeable unless you scrutinise each frame at a time.
3. Create a custom profile as above then do some tinkering behind then scenes to overcome the self imposed bitrate constraints of Powerdirector (24Mbps).
To do this you modify the .ini file which is created once you add custom profiles in Powerdirector. Instructions Here
SVRT.
You can get SVRT to work if you use the modified custom profile but it has the same limitations as normal SVRT with AVC and is not particularly useful if you do any sort of trimming/transitions etc.
CPU vs Hardware (GPU) rendering for the higher bitrate.
Standard CPU rendering seems to cause an odd header info problem.
GPU is a mixed bag at the moment. It seems nVidia is working well but ATI is causing problems.
Playback of the Powerdirector files
Standard Bluray players do not playback 1080p60 as a rule. It is not in the Bluray nor AVCHD specs. You cannot make an AVCHD disc in 1080p60. Note that the 1080x1920p setting in Powerdirector disc module is 1080p24.
A quick mention of some playback options include Dune media players, PS3, newer Panasonic Bluray players, WD live hub. I'm sure there are others but you need to research the problems.
For standard playback you can use 1080i60 if you want to maintain resolution or 720p if you want to maintain frame rate.
Hopefully this post will encourage TM700 owners to consider Powerdirector as their editor of choice.
Any further additions or corrections are encouraged. Panasonic SD9, Panasonic TM700, Panasonic SD600, GoPro HD Hero.