My main concern was the compression settings, but here are some grabs with different Instant HD settings.
Raw DV footage
This one had instant HD applied with
Sharpness 2
Quality 8
antialiasing 6
This one with Instant HD
Sharpness 25
Quality 25
Anti... 10
This one with Instant HD
Sharpness 15
Quality 15
Anti... 4
All were exported at 1920x1080. You tell me if there is $100 worth of difference added to the picture. The highlight on the very back of the bee is the biggest difference.