The Sony Vegas Pro 8 renders the video file as it is presented on the timeline which means left audio channel is 4dB quieter then the right audio channel.
Yes, I thought that after rendering the problem would be solved but Vegas software did not convert original audio into the 2 channel stereo where left and right audio channels project the same loudness.
Initially I thought that something was wrong with the camcorder itself, but after testing it with my TV I can only conclude that the software that is responsible for the video transfer from the camcorder to the computer does not convert the original audio into a 2 channel stereo and that's my problem.
I bet that if I would download the video footage from the camcorder to the computer using Canopus video interface (analog) that sound would be ok, but then what would be the point of owning the HD camcorder if your sound will be messed up and your HD footage would be converted down to analog?
PSB