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Well, after much deliberation and testing Ulead and Sony's offerings, I decided I prefered Sony's Vegas products. Vegas Movie Studio is good, and will probably suffice for most people, but I really really liked Vegas 5, so have decided to dig deep into my savings and go for this. It does everything I need and more, and runs really smoothly and fast on my PC, so, with any luck, I won't need to go through the constant cost of upgrading to every new release like I did with Pinnacle. In fact, over the years, I've probably spent more on Pinnacle Studio than Vegas 5 costs.
What I would say however, is that all four products I tried (Ulead's Video Studio and Media Studio Pro and both of Sony's Vegas products) all seemed really stable and I didn't experience a single crash or 'odd moment' like I've suffered with Pinnacle.
Despite going for Vegas 5, I'm going to use TMPGEnc's DVD Source Creator to convert from avi to MPEG as, from my experience, it seems to work about twice as fast as Vegas using the same quality VBR compression.
Hope this helps.
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