Remember doing something similar in Studio 8 so I don't think you will have much problem. It was a well thought out piece of software and quite absorbing to use. Pity the ex buggered off with the DV camcorder though.... :-)
For a definitive answer, why not Google up a home video editing newsgroup or something. There must be plenty out there and there will be a lot of Pinnacle users in there I am sure.