iMovie '09 / Full Switzerland Video

I finally got my hands on iMovie '09, thanks to Andy and the Lattners. I used it to produce the following video.

Pros:
o I like the cheesy project wide transitions and themes you can apply.
o It seems less buggy than iMovie '08
o The slow motion is pretty cool - once you find it.

Cons:
o Still VERY buggy. I had to retranscode my video several times before iMovie didn't insert periods of black frames or get stuck for several minutes. My theory is that iMovie does not deal well with b-frames in a clip that point to i-frames outside the clip. When this happens, iMovie freaks out and inserts a long period of black or just freezes on the last i-frame. Either way, it blows. My workaround was to "convert" each clip where this was happening - and that seemed to solve the problem.
o Their "large" is too small to qualify for youtube HD - which means that this video is only available in HQ. Annoying when your source material is definitely HD. I think I can get around this; more experimentation to follow.
o No good audio editing. Lots of people on the interwebs have posted about this and they're mostly right.
o Did I mention that it was very buggy?