No worries, Stormybot, I know you'd already gone though all the steps, I was just doing the same to be sure all my paths were covered... 
I was only hoping for a deus-ex-machina post from someone, saying "I got it, the solution is only to change the [bleep bleep bleep] setting in iMovie/iDVD...".
But no, no such luck
I'm glad you could find a way to bypass your issues !
And indeed, the issue is not only your machine, but many other users have mentioned it. Maybe a correction in a future version? I still think it's something wrong about the fps at a stage...
I was only hoping for a deus-ex-machina post from someone, saying "I got it, the solution is only to change the [bleep bleep bleep] setting in iMovie/iDVD...".
But no, no such luck
I'm glad you could find a way to bypass your issues !
And indeed, the issue is not only your machine, but many other users have mentioned it. Maybe a correction in a future version? I still think it's something wrong about the fps at a stage...