Nero 8 shows off a new interface for getting started that makes the many tools easier to find from the get-go. Some welcome new features include HD support, although this rich suite can still confuse.
Pros: Excellent quality AVCHD video even with still photos, very versatile
Cons: The video editor is a bit clunky, but the results are great
Summary: I purchased Pinnacle Studio 11.1 Ultimate to edit AVCHD video from my Panasonic HD camcorder. Then I found I couldn't edit video & send it back to the camcorder to view - only create a DVD for a blu-ray player (which I don't have). Also PS11 made still photos in a video look blurry, even after lowering the resolution to 1920x1080 or less as they suggested.
I did have performance issues with Nero 8 that were solved by flashing my BIOS & latest video driver's. I was able to take video from the camera, add stills & a sound track, and export it directly back to my camera, or save on the HDD or send to DVD (regular DVD or HD on DVD media). The quality is EXCELLENT!! The stills in the video are very sharp - as good as any display I've seen on my LCD HD panel.
The editor in Nero 8 (Vision 5) is clunky to use compared to PS11. There's no way to animate stills (pan/zoom,etc), you need to split an audio track to lower the volume in a section, it's cumbersome to preview your files, it doesn't mark the files to have already added to the track - things like that. However, you can put together a nice HD video and the quality is GREAT.
I haven't even touched the other modules in Nero 8 - the video editor alone is well worth the price.