Any Way to Rescue This Footage?

I've loaded video from cam to iMovie 06 and found it broke the footage into three parts. First couple, no problem...but the third part is all higgly-jiggly. Any way this footage might be rescued? FWIW, I have access to FC Express.
Link: http://www.youtube.com/watch?v=PZCnbvbbkYU

the video shows complete loss of 'time tracking'.
you could give the original .DV a try with Mpeg Streamclips 'repair timecode errrors', but imho, the damage is way too high to 'catch' a useful signal ...

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