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Well, with Vegas Pro 8 there are no issues that I have come across. I previously used Premiere Pro 2 but the rendering problems and occasional crashes made me shop around. Before investing a lot of money into FCP plus the Mac dongle, I tried Vegas and Liquid and quickly fell in love with the power and ease of Vegas. Again, it is super stable and I never have any problerms with the Sony footage inside Vegas. Note, I am in Europe and shoot mostly 25p.
As for codecs for the web, I don't see any difference in quality yet between H264 and VP6, but using FlixPro and two pass encoding I do get smaller file sizes. Clients that pay for bandwidth usage appreciate little things like that!
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