+1 for Sony Vegas Eezyp.
If your version of vegas is prior to 12, I would also recommend a plugin script by vasst called 'gearshift'. It creates a lower resolution surrogate video to make editing faster, then substitutes the hi Def video back in when you render. Pretty handy for highly compressed consumer formats that most cameras use as well as HD pro formats.
You can download it here:
http://vasstsoftware.com/downloads/ If you have Vegas 12 or 13, smart proxy function is built in.
Good luck with the movie!