Thanks Watercolor,
I have just resolved my issues. The first problem turned out to be a hard drive on verge of collapse that was causing issues, and then the second problem I resolved when I recaptured the video on the camcorder and then it worked, so something must have become corrupt in the video file.
I am happy to say that on Sunday afternoon on Sept. 25, 2011 that everything is working great. I can't speak to any other future point in time!
Scott Wright
Wichita, KS