[HTC One X] bassmadrigal:
Ok, so I tried again with a clean install (system wipe, factory reset/data wipe) and it seems that Movie Studio is indeed crashing when attempting to create a new project (type the name for the new project, hit ok, and it crashes). I tried a few different logcat readers in the market, and none seem work, so I had to resort to adb. Here is the logcat. (Quite the crash btw... core dump and everything)

I/ActivityManager( 413): START {act=android.intent.action.INSERT cmp=com.android.videoeditor/.VideoEditorActivity (has extras) u=0} from pid 3899
I/NvAudioALSA( 163): NvAudioALSADevOpen: PLAYBACK hDev = 0x4004e480 : devices 0x2 in mode 0, streamtype 0, isVoiceCallDevice=F
I/NvAudioALSA( 163): Initialized ALSA PLAYBACK alsaDevName= music , hDev->alsaDevName= music
I/NvAudioALSARenderer( 163): hDev[OUT_PCM_INDEX]->hpcm==0 when write(); Reopen current device and route for it!
I/NvAudioALSA( 163): NvAudioALSADevRoute : hDev=0x4004e480 curDev=0x2, devices=0x2, curMode=0, mode=0, curDsp=-1, Ori_up=-1, Ori_down=-1
D/HTC_Acoustic( 163): get_dsp_image_index : HTC_CODEC_DSP_ENDPOINT[13].index = 9
D/HTC_Acoustic( 163): get_dsp_image_name : HTC_CODEC_DSP_ENDPOINT[13].name = Playback_Speaker_Default
I/NvAudioALSA( 163): Config AIC3008 DSP : 9 (Playback_Speaker_Default)
I/NvAudioALSA( 163): Pcm Playback Route : 10
I/AudioService( 413): AudioFocus requestAudioFocus() from android.media.AudioManager@41fb1438
I/ActivityManager( 413): Displayed com.android.videoeditor/.VideoEditorActivity: +213ms
I/OMXClient( 3899): Using client-side OMX mux.
D/NvOsDebugPrintf( 163): NvxLiteH264DecoderInit : Opening TVMR H264 block
D/NvOsDebugPrintf( 163): NvMMLiteOpen : Block : BlockType = 261
D/NvOsDebugPrintf( 163): ++++++ NvAvpOpen +++++++
D/NvOsDebugPrintf( 163): NvMMLiteBlockCreate : Block : BlockType = 261
D/NvOsDebugPrintf( 163): NvMMDecTVMRDestroyParser Begin
D/NvOsDebugPrintf( 163): ++++++++++++ TVMRFrameDelivery +++++++++++++++
D/NvOsDebugPrintf( 163): --------- Closing TVMR Frame Delivery Thread -------------
D/NvOsDebugPrintf( 163): ------- NvAvpClose -------
D/NvOsDebugPrintf( 163): NvMMDecTVMRDestroyParser Done
D/NvOsDebugPrintf( 163): NvMMLiteTVMRDecPrivateClose Done
D/NvOsDebugPrintf( 163): NvMMLiteOpen : Block : BlockType = 260
D/NvOsDebugPrintf( 163): ++++++ NvAvpOpen +++++++
D/NvOsDebugPrintf( 163): NvMMLiteBlockCreate : Block : BlockType = 260
D/NvOsDebugPrintf( 163): NvMMDecTVMRDestroyParser Begin
D/NvOsDebugPrintf( 163): ++++++++++++ TVMRFrameDelivery +++++++++++++++
D/NvOsDebugPrintf( 163): --------- Closing TVMR Frame Delivery Thread -------------
D/NvOsDebugPrintf( 163): ------- NvAvpClose -------
D/NvOsDebugPrintf( 163): NvMMDecTVMRDestroyParser Done
D/NvOsDebugPrintf( 163): NvMMLiteTVMRDecPrivateClose Done
D/NvOsDebugPrintf( 163): NvMMLiteOpen : Block : BlockType = 260
D/NvOsDebugPrintf( 163): ++++++ NvAvpOpen +++++++
D/NvOsDebugPrintf( 163): NvMMLiteBlockCreate : Block : BlockType = 260
D/NvOsDebugPrintf( 163): NvMMDecTVMRDestroyParser Begin
D/NvOsDebugPrintf( 163): ++++++++++++ TVMRFrameDelivery +++++++++++++++
D/NvOsDebugPrintf( 163): --------- Closing TVMR Frame Delivery Thread -------------
D/NvOsDebugPrintf( 163): ------- NvAvpClose -------
D/NvOsDebugPrintf( 163): NvMMDecTVMRDestroyParser Done
D/NvOsDebugPrintf( 163): NvMMLiteTVMRDecPrivateClose Done
F/libc ( 3899): Fatal signal 11 (SIGSEGV) at 0x00000000 (code=1), thread 3936 (IntentProcessor)
I/DEBUG ( 159): *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** ***
I/DEBUG ( 159): Build fingerprint: 'htc_europe/endeavoru/endeavoru:4.0.3/IML74K/62864.11:user/release-keys'
I/DEBUG ( 159): pid: 3899, tid: 3936, name: IntentProcessor >>> com.android.videoeditor <<<
I/DEBUG ( 159): signal 11 (SIGSEGV), code 1 (SEGV_MAPERR), fault addr 00000000
I/DEBUG ( 159): r0 fffffffc r1 5bd5ac9d r2 5bd5b040 r3 00000000
I/DEBUG ( 159): r4 57f10b10 r5 5bda163c r6 57f3dfd0 r7 00000000
I/DEBUG ( 159): r8 00000000 r9 00000008 sl 5bdc42c8 fp 00000002
I/DEBUG ( 159): ip 00000000 sp 5d7adb38 lr 5bd5ac85 pc 00000000 cpsr 000f0050
I/DEBUG ( 159): d0 6620746f6e206c6f d1 2e333632682e6575
I/DEBUG ( 159): d2 000000010002526e d3 0000000100000064
I/DEBUG ( 159): d4 000000005a4b16a0 d5 0000012000000160
I/DEBUG ( 159): d6 0000012000000160 d7 0000000000000000
I/DEBUG ( 159): d8 0000000000000000 d9 0000000000000000
I/DEBUG ( 159): d10 0000000000000000 d11 0000000000000000
I/DEBUG ( 159): d12 0000000000000000 d13 0000000000000000
I/DEBUG ( 159): d14 0000000000000000 d15 0000000000000000
I/DEBUG ( 159): d16 0004e8320004e832 d17 0000840c0000840c
I/DEBUG ( 159): d18 0000000000000000 d19 000000000000840c
I/DEBUG ( 159): d20 0000000000000000 d21 0000000000000000
I/DEBUG ( 159): d22 0000000000000000 d23 090a0b0c0d0e0f10
I/DEBUG ( 159): d24 0000000000008c33 d25 0000000000000000
I/DEBUG ( 159): d26 000000000000840c d27 0000000000000000
I/DEBUG ( 159): d28 000000000000840c d29 0000000000000000
I/DEBUG ( 159): d30 0000000900000009 d31 0000000900000009
I/DEBUG ( 159): scr 20000011
I/DEBUG ( 159):
I/DEBUG ( 159): backtrace:
I/DEBUG ( 159): #00 pc 00000000 <unknown>
I/DEBUG ( 159): #01 pc 00000c83 /system/lib/libstagefrighthw.so (android::NVOMXPlugin::~NVOMXPlugin()+22)
I/DEBUG ( 159): #02 pc 00000ca1 /system/lib/libstagefrighthw.so (android::NVOMXPlugin::~NVOMXPlugin()+4)
I/DEBUG ( 159): #03 pc 0000c0a3 /system/lib/libstagefright_omx.so (android::eek:MXMaster::clearPlugins()+58)
I/DEBUG ( 159): #04 pc 0000c0d5 /system/lib/libstagefright_omx.so (android::eek:MXMaster::~OMXMaster()+12)
I/DEBUG ( 159): #05 pc 0000c11d /system/lib/libstagefright_omx.so (android::eek:MXMaster::~OMXMaster()+4)
I/DEBUG ( 159): #06 pc 0000ae57 /system/lib/libstagefright_omx.so (android::eek:MX::~OMX()+38)
I/DEBUG ( 159): #07 pc 0000aee1 /system/lib/libstagefright_omx.so (android::eek:MX::~OMX()+4)
I/DEBUG ( 159): #08 pc 0000ee89 /system/lib/libutils.so (android::RefBase::decStrong(void const*) const+40)
I/DEBUG ( 159): #09 pc 00047c3f /system/lib/libstagefright.so (android::sp<android::MediaSource>::~sp()+18)
I/DEBUG ( 159): #10 pc 0006be3b /system/lib/libstagefright.so (android::MuxOMX::~MuxOMX()+30)
I/DEBUG ( 159): #11 pc 0006be7d /system/lib/libstagefright.so (android::MuxOMX::~MuxOMX()+4)
I/DEBUG ( 159): #12 pc 0000ee89 /system/lib/libutils.so (android::RefBase::decStrong(void const*) const+40)
I/DEBUG ( 159): #13 pc 000254a3 /system/lib/libvideoeditor_core.so (android::sp<android::MediaSource>::~sp()+18)
I/DEBUG ( 159): #14 pc 00025731 /system/lib/libvideoeditor_core.so (queryVideoDecoderCapabilities(M4DECODER_VideoDecoders**)+644)
I/DEBUG ( 159): #15 pc 00007a2d /system/lib/libvideoeditor_jni.so
I/DEBUG ( 159): #16 pc 0001dff0 /system/lib/libdvm.so (dvmPlatformInvoke+112)
I/DEBUG ( 159): #17 pc 0004d227 /system/lib/libdvm.so (dvmCallJNIMethod(unsigned int const*, JValue*, Method const*, Thread*)+394)
I/DEBUG ( 159): #18 pc 00027420 /system/lib/libdvm.so
I/DEBUG ( 159): #19 pc 0002bd28 /system/lib/libdvm.so (dvmInterpret(Thread*, Method const*, JValue*)+180)
I/DEBUG ( 159): #20 pc 0005f9b9 /system/lib/libdvm.so (dvmCallMethodV(Thread*, Method const*, Object*, bool, JValue*, std::__va_list)+272)
I/DEBUG ( 159): #21 pc 0005f9e3 /system/lib/libdvm.so (dvmCallMethod(Thread*, Method const*, Object*, JValue*, ...)+20)
I/DEBUG ( 159): #22 pc 0005456f /system/lib/libdvm.so
I/DEBUG ( 159): #23 pc 00012c54 /system/lib/libc.so (__thread_entry+48)
I/DEBUG ( 159): #24 pc 000123b0 /system/lib/libc.so (pthread_create+180)
I/DEBUG ( 159):
I/DEBUG ( 159): stack:
I/DEBUG ( 159): 5d7adaf8 400255ad /system/lib/libc.so (dlfree)
I/DEBUG ( 159): 5d7adafc 00000000
I/DEBUG ( 159): 5d7adb00 00000000
I/DEBUG ( 159): 5d7adb04 00000000
I/DEBUG ( 159): 5d7adb08 00000065
I/DEBUG ( 159): 5d7adb0c 5bdf68e0
I/DEBUG ( 159): 5d7adb10 00000000
I/DEBUG ( 159): 5d7adb14 40026db9 /system/lib/libc.so (free+12)
I/DEBUG ( 159): 5d7adb18 00000001
I/DEBUG ( 159): 5d7adb1c 40113035 /system/lib/libutils.so (android::SharedBuffer::dealloc(android::SharedBuffer const*)+10)
I/DEBUG ( 159): 5d7adb20 5bda1648
I/DEBUG ( 159): 5d7adb24 40115f2d /system/lib/libutils.so (android::VectorImpl::_shrink(unsigned int, unsigned int)+138)
I/DEBUG ( 159): 5d7adb28 400c4d90
I/DEBUG ( 159): 5d7adb2c 5bda1638
I/DEBUG ( 159): 5d7adb30 df0027ad
I/DEBUG ( 159): 5d7adb34 00000000
I/DEBUG ( 159): #00 5d7adb38 57f10b10
I/DEBUG ( 159): ........ ........
I/DEBUG ( 159): #01 5d7adb38 57f10b10
I/DEBUG ( 159): 5d7adb3c 5bd5aca5 /system/lib/libstagefrighthw.so (android::NVOMXPlugin::~NVOMXPlugin()+8)
I/DEBUG ( 159): #02 5d7adb40 5bda1638
I/DEBUG ( 159): 5d7adb44 515220a5 /system/lib/libstagefright_omx.so (android::eek:MXMaster::clearPlugins()+60)
I/DEBUG ( 159):
I/DEBUG ( 159): memory near r1:
I/DEBUG ( 159): 5bd5ac7c b1336022 479868e3 f7ff6860 2100eefe "`3..h.G`h.....!
I/DEBUG ( 159): 5bd5ac8c 46206061 bf00bd10 000004c8 fffffffc a` F............
I/DEBUG ( 159): 5bd5ac9c 4604b510 ffe4f7ff f7ff4620 4620eee8 ...F.... F.... F
I/DEBUG ( 159): 5bd5acac bf00bd10 21004b1e 4604b510 447b481d .....K.!...F.H{D
I/DEBUG ( 159): 5bd5acbc 481d581a 60223208 f7ff4478 2300eee4 .X.H.2"`xD.....#
I/DEBUG ( 159):
I/DEBUG ( 159): memory near r2:
I/DEBUG ( 159): 5bd5b020 5bd5aadd 5bd5ac61 400d9911 400d9911 ...[a..[...@...@
I/DEBUG ( 159): 5bd5b030 400d9911 400d9911 00000000 00000000 ...@...@........
I/DEBUG ( 159): 5bd5b040 5bd5ac6d 5bd5ac9d 5bd5ac19 5bd5aae1 m..[...[...[...[
I/DEBUG ( 159): 5bd5b050 5bd5ab0d 5bd5ab29 00000003 00001140 ...[)..[....@...
I/DEBUG ( 159): 5bd5b060 00000002 00000078 00000017 0000090c ....x...........
I/DEBUG ( 159):
I/DEBUG ( 159): memory near r4:
I/DEBUG ( 159): 57f10af0 00000018 0000001b 00000000 00000001 ................
I/DEBUG ( 159): 57f10b00 5bdc4874 00000000 57f10b1c 0000002b tH.[.......W+...
I/DEBUG ( 159): 57f10b10 5bd5b040 400c4eb4 5c299ad5 00000000 @..[.N.@..)\....
I/DEBUG ( 159): 57f10b20 5c299709 5c2995cd 5c29949d 5c29925d ..)\..)\..)\].)\
I/DEBUG ( 159): 57f10b30 3f800000 0000100b 7641764e 65704f70 ...?....NvAvpOpe
I/DEBUG ( 159):
I/DEBUG ( 159): memory near r5:
I/DEBUG ( 159): 5bda161c 0000001b 56f6e120 00000024 00000000 .... ..V$.......
I/DEBUG ( 159): 5bda162c 00000000 00000001 0000004b 515299a8 ........K.....RQ
I/DEBUG ( 159): 5bda163c 00000001 515298b8 56ec0d40 515298c8 ......RQ@..V..RQ
I/DEBUG ( 159): 5bda164c 5bdf68e0 00000000 00000000 00000008 .h.[............
I/DEBUG ( 159): 5bda165c 51529938 5bd9f6b8 00000000 00000007 8.RQ...[........
I/DEBUG ( 159):
I/DEBUG ( 159): memory near r6:
I/DEBUG ( 159): 57f3dfb0 3f800000 00000000 00000000 00000000 ...?............
I/DEBUG ( 159): 57f3dfc0 3f800000 00000010 00780000 00000013 ...?......x.....
I/DEBUG ( 159): 57f3dfd0 57f10b10 56ec0d40 5bdfad18 0000001b ...W@..V...[....
I/DEBUG ( 159): 57f3dfe0 57f28000 00016000 56f01fe0 00000001 ...W.`.....V....
I/DEBUG ( 159): 57f3dff0 00000000 00000007 00000007 00000007 ................
I/DEBUG ( 159):
I/DEBUG ( 159): memory near sl:
I/DEBUG ( 159): 5bdc42a8 006e006f 00690054 0065006d 006f0043 o.n.T.i.m.e.C.o.
I/DEBUG ( 159): 5bdc42b8 0066006e 00670069 00000000 00000013 n.f.i.g.........
I/DEBUG ( 159): 5bdc42c8 40cb3db8 00000003 00000010 00000233 .=.@........3...
I/DEBUG ( 159): 5bdc42d8 ccb78820 00006000 00000012 00000274 ....`......t...
I/DEBUG ( 159): 5bdc42e8 00000001 00005800 00000000 00000080 .....X..........
I/DEBUG ( 159):
I/DEBUG ( 159): memory near sp:
I/DEBUG ( 159): 5d7adb18 00000001 40113035 5bda1648 40115f2d ....50.@H..[-_.@
I/DEBUG ( 159): 5d7adb28 400c4d90 5bda1638 df0027ad 00000000 .M.@8..[.'......
I/DEBUG ( 159): 5d7adb38 57f10b10 5bd5aca5 5bda1638 515220a5 ...W...[8..[. RQ
I/DEBUG ( 159): 5d7adb48 5bda1638 5bdc4874 5bdc488c 5a4b16b6 8..[tH.[.H.[..KZ
I/DEBUG ( 159): 5d7adb58 00000058 515220d9 5bda1638 51522121 X.... RQ8..[!!RQ
I/DEBUG ( 159):
I/DEBUG ( 159): code around pc:
I/DEBUG ( 159): 00000000 ffffffff ffffffff ffffffff ffffffff ................
I/DEBUG ( 159): 00000010 ffffffff ffffffff ffffffff ffffffff ................
I/DEBUG ( 159): 00000020 ffffffff ffffffff ffffffff ffffffff ................
I/DEBUG ( 159): 00000030 ffffffff ffffffff ffffffff ffffffff ................
I/DEBUG ( 159): 00000040 ffffffff ffffffff ffffffff ffffffff ................
I/DEBUG ( 159):
I/DEBUG ( 159): code around lr:
I/DEBUG ( 159): 5bd5ac64 ef08f7ff bd104620 b5104b09 48094604 .... F...K...F.H
I/DEBUG ( 159): 5bd5ac74 581a447b 32086863 b1336022 479868e3 {D.Xch.2"`3..h.G
I/DEBUG ( 159): 5bd5ac84 f7ff6860 2100eefe 46206061 bf00bd10 `h.....!a` F....
I/DEBUG ( 159): 5bd5ac94 000004c8 fffffffc 4604b510 ffe4f7ff ...........F....
I/DEBUG ( 159): 5bd5aca4 f7ff4620 4620eee8 bf00bd10 21004b1e F.... F.....K.!
I/WindowState( 413): WIN DEATH: Window{41ea2008 com.android.videoeditor/com.android.videoeditor.VideoEditorActivity paused=false}
W/AudioService( 413): AudioFocus audio focus client died
I/AudioService( 413): AudioFocus abandonAudioFocus(): removing entry for android.media.AudioManager@41fb1438
I/ActivityManager( 413): Process com.android.videoeditor (pid 3899) has died.
W/ActivityManager( 413): Scheduling restart of crashed service com.android.videoeditor/.service.ApiService in 5000ms
W/ActivityManager( 413): Force removing ActivityRecord{41756e50 com.android.videoeditor/.VideoEditorActivity}: app died, no saved state
I/WindowState( 413): WIN DEATH: Window{41cd3a30 com.android.videoeditor/com.android.videoeditor.ProjectsActivity paused=false}
W/ActivityManager( 413): Force removing ActivityRecord{41750128 com.android.videoeditor/.ProjectsActivity}: app died, no saved state
W/InputMethodManagerService( 413): Got RemoteException sending setActive(false) notification to pid 3899 uid 10042
D/Zygote ( 161): Process 3899 terminated by signal (11)
I/NvAudioALSA( 163): NvAudioALSADevClose: PLAYBACK hDev = 0x4004e480 : curDev 0x2, curMode 0, streamtype 0, isVoiceCallDevice=F hDev->alsaDevName=music, Ori_up=-1, Ori_down=10
I/NvAudioALSA( 163): UPLINK_PATH_OFF + DOWNLINK_PATH_OFF
I/NvAudioALSA( 163): setParameters() checkPathoff