This original post from 10 April has been revised and significantly expanded (about twice the size of the original post). Since it is a sticky post, changes or new posts are not as evident for regular readers, so I'm posting this separate article to point people to it.
Please take a look at it at http://forum.corel.com/EN/viewtopic.php?f=1&t=56111
Further comments or noting of errors are of course welcomed--thanks for all the previous ones, which are incorporated and acknowledged in the revision!
I won't recopy the post here, of course--just go to the above link or see the stickies on the main VideoStudio page, but a summary of the changes are:
Installation: Information on backing up your Libraries, known installation problems
Ultimate: Information on Bonus Audio and Transition effects also included in Ultimate (only Video FX were listed earlier)
Documentation: Section on documentation for Ultimate PlugIn totally redone and enhanced
Tutorials: More links for Ultimate Effects tutorials
Freebies: New section on downloading free templates, video clips and images
Minor editorial changes and clarifications
New text is temporarily in red (this will be removed later for better readability) so that those who read the first version can quickly see what's new.
Updated! VS X8 v2-THE MISSING INSTALL/GETTING STARTED MANUAL
Moderator: Ken Berry