Way to go Nick.
Multi screens is the way to go thats for sure.
I have yet to buy a 3rd hi res screen, justs Svideo out to a normal TV for now.
Editiing on the laptop is abit harder due to lack of space but it certainly encodes out files quick.
1 min from a DV timeline with audio and graphics to QT H.264 or wmv takes about 40 seconds.
1 min to mpeg2 is about 30 seconds.
1 min to DV is about 30 seconds.
Mercalli steady shot filter flies. It can rip through a clip section at 174fps but depends on what setting you have it on.
Editing HDV is like DV. 
Raw m2t is still not as smooth as the Canopus HQ codec and it converts m2t to the Canopus codec in realtime as it's firewired in no problems what so ever. Adding CC filters and stuff to raw m2t seems to be not as good as adding them to the Canopus HQ codec as well. But for basic cuts raw m2t would be okay.
I'll do some m2t files to see how fast it renders those out.
Title Motion Pro and DV capture does not work on VISTA. Ha ha... I hear Microsoft are letting folks buy new computers with XP on them due to people complaining that VISTA not working with many things. 
KISS