Last night I also got reasonably far, but this morning the saved project keeps claiming that it's empty, so I have to start from scratch. When I do, and I drag something in the timeline, it is not placing it where I let go of the mouse button but somewhere in the future instead.
Though the Cyberlink Powerdirector I used for the first video had it's share of problems and limitations, it still wasn't quite as annoying and buggy as this is turning out to be.