Update

My license was for Premiere Elements 8. Apparently Premiere goes to 11 now, so I upgraded. Unfortunately, trying to get the camera's AVI files directly into Premiere isn't going so well. I'm getting weird errors about incompatible file types and codecs... And so far, Google isn't helping.

I can, however, import the video into Lightroom first, Then, Lightroom can export an mp4 video, which Premiere can read. Then it's not too complicated to do some basic editing and upload the video to youtube:

I'm not thrilled with the video quality, and wouldn't mind a slightly wider field-of-view, so I'm replacing the camera. The Delkin Wingman  looked like a good deal, given my price/performance requirements. It's about half the price of a GoPro and comes with a 1/4" tripod mount. 1080p video, 8 Mp stills, waterproof, car and wall chargers and an 8 GB microSD card included.