To see how the "deshaker" software works with hd/mp4 footage. Compare with the original: vimeo.com/2198314 (- hope I was allowed to edit)
The first frames are very shaky and some distortions couldn't be corrected. But all in all the video clip is much smoother. I simply used the default setting of the deshaker.

You need:
virtualdub video processing software
- virtualdub.sourceforge.net/
with quicktime plugin to open *.mov/mp4
- tateu.net/software/dl.php?f=qtvd_bin
and the deshaker filter for virtualdub:
- guthspot.se/video/deshaker.htm

The shaking black borders can be hidden by an option called "extrapolate colors into borders"

meine infos auf deutsch
dslr-forum.de/showthread.php?t=500383

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