Corel just put lipstick on a pig, in my opinion. The problem with smart render of long GOP files is that it leaves glitches at transition points.
That defeats the purpose of smart render.
In other words, that program still has fatal problems with output quality.
Fishy, the folks on the Vegas Movie Studio forum say not even the new version 9 platinum will open Aiptek .MOV H.264 files without crashing.