FCPX NX5U workflow issues

Guys-

I am an absolute neophyte.... no experience in editing.....been using FCPX for 3 months or so.. One of my best friends on the planet, however, is a professor at Full Sail and he told me to ask for some help over here.

So here goes....

Sony NX5U 720p/60fps onto an SD card which goes directly from camera to FCPX via iMac......and with the update a while back I am no longer using clip wrap....rather just letting FCP find it and open it for download...this takes about 5 minutes for a full 16gb card.

That said, as soon as I do something as simple as put a 30 second intro on the front of the project [soccer game for example], then share it via blu-ray & compressor --- that new file loads and starts processing and the time left keeps going up and up and up.

I have one in now...started as taking "30 minutes" in share monitor, but after 47 minutes it now says there are 116 HOURS left!

Quad core i5 2.7 @ 100% all cores
ProMS Renderer tool 388%
25gb memory in use [I put 32gb in machine]

I must have inadvertently changed something as it used to work pretty well....but I cannot figure this out!!!

Any ideas where I might start looking to make this more manageable?...

Thanks guys!
Tom.