Just to give you a competitive alternative, I use Sony Vegas Movie Studio Platinum 6.0. The learning curve is intuitive with this product (I really struggled with Premiere). The program's strength is sound editing, but of course it comes with all the capture, editing, DVD authoring special effects. Personally, I like non-linear editing, and this makes it easy to drop in video clips, stills, sound, transitions, special effects and is easy to use. Its a bunch cheaper than Primere too. Upgrades are very discounted, but even a first copy is under $90.
This is a screen shot of a simple project in Vegas showing the video and sound timelines. This involves a music track and edited non-linear video cuts and stills with transitions. The interface should look real familiar. This shows the capability for multiple video, image, text and sound tracks and more can be added if needed. This program has the capability to produce full resolution DVD movies, and has a lot more features you are currently missing, including full control of your camera from the computer during capture.
Just for fun, the video in compressed online format at THIS LINK
Be sure turn on your sound, this is just a rock sound track Green Day. Not much content, just a hike/ski day.