Software is Cyberlink PowerDirector 10...has some pretty good reviews.
I like the software, but it froze up a lot. Could be my laptops fault but not sure...has a 30 day free trial, so going to keep playing with it.
Editing/creating process is pretty easy, haven't figured out adding transitions yet, so expect a couple more videos.
Dan - I'm going to work on a little rig for having the camera mounted in the boat, and I'll have mine going during the meet of course!