Yup! I own a PAL XM2. My experience has been fault free with Vegas 4.0c. Please don't take my word for it, jump to this Forum and stick in "Vegas" in a Search over there - yeah?
1 - PTT Good
2 - Capture Good
3 - DV Device control - does what is say's it will do
4 - Batch Capture - Works like a dream.
Try the other Forum for more views on this - yeah?