I have the Contour GPS and a bunch of accessories. I've only fiddled with it as of yet because I haven't received the waterproof case yet (coming Thursday).
I picked it up on a "Pro-Deal" over the regular HD model because it supports the bluetooth view-finder and controls right from the get go. Just need to pick up a iPod touch and waterproof case for that and I'd be good to go.
As soon as the + model becomes available through Pro-Deal, I'll probably nab one of those as well.
To me, it was more a more appealing product than Go-Pro... just lacks some of the Go-Pro aftermarket support at the moment.
As for video editing... visit the Contour support forums, there is actually A LOT of good info there and their staff is pretty active there as well.
I use Adobe Premier after exporting the files, but I'm looking to move to something else myself. My problem is, like music, I am more likely to wait to get something pirated than I am ever willing to purchase.
_________________- FireseidRunning a 2010 Tandem Island transported on a modified Yakima Rack & Roll.
Modifications: Torqueedo Hobie eVolve v2; Furling line rigged to cleat from rear crossbar w/Spinlock cam cleats; Custom ACK anchor trolley system;