I use Pinnacle Studio Versions 11 and 12. I just upgraded to version 12, but I still work on projects in version 11 as well.
As much as I love Pinnacle Studio, it definitely can be frustrating and unexplainable at times. I have had many projects hang on transitions during rendering. Sometimes just removing or replacing the transition on which it keeps hanging will allow the project to finish rendering successfully. If that doesn't work, Pinnacle has great tech support.
Here is a link to the tech support section of the Pinnacle website: http://www.pinnaclesys.com/PublicSite/us/Support/Consumer+Support/
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