Re: FileVault, performance, battery life, and capturing DV movies.
Unless you need your DV movies to be secured, there is no reason to be capturing them to a FileVault-protected directory. There is always going to be a performance hit when using FileVault. We're talking 128-bit encryption on the fly, here. Sure, in normal day-to-day use I don't notice that much of a difference, but there are situations that it can be problematic.
Battery life will suffer when using FileVault, because of this encryption. The processor will be hit more than normal, which will drain battery life faster. If you'd rather have the faster performance, then FileVault obviously isn't for you.
In the past, the easiest ways of acheiving the functionality of FileVault was to have an encrypted disk image or to use a program to manually encrypt your software. Most people would never do this, instead thinking that it wasn't worth the time and effort to go through this manual process. FileVault makes this easier. It's intended primarily for use by those who have a need to store sensitive information on their hard disks. It's intended for people who feel that the security of their files is more important than the performance of their laptops.
A previous poster summed it up perfectly when they announced that they would be trying the updated FileVault again: they said the theft of their data would be worse than the outright loss of the data. This is who FileVault is primarily intended for.