Hi,
Please see below an official update on Smartsound and Pinnacle Studio:
We are happy to announce that, seeking the best interest of our end users, we have reached an agreement with SmartSound that enables users of Pinnacle Studio 10 software and earlier versions to keep on using their SmartSound content in Pinnacle Studio 12 (and Studio 12.1). We will continue to offer this ability until such time that we have implemented a plug-in architecture in our Pinnacle Studio software (which we anticipate will be in 2009), subject to the terms of our agreement with SmartSound. This plug-in architecture will allow third party developers to easily develop plug-ins for Pinnacle Studio, giving the end user access to more content. Pinnacle Systems will work with and assist such third party developers in developing a plug-in compatible with the Pinnacle Studio architecture.
I created a new thread about this update. I will close this thread as it's now out of subject.