I gave it a shot this weekend-
http://www.youtube.com/watch?v=w3nwgQeLKaQ
5,000+ shots between the two cameras taken on Saturday night- ran the lot through Lightroom tonight and cropped to 1920x1080- grouped into six time lapse scenes and then put together with music in Premier Elements. It's pretty rough- I really need a some more memory and a graphics card before I try another one.