When shooting a wedding recently the lens on my JVC HM700 came loose at a crucial time and the focus on the camera went very soft. I was wondering if there are any plugins or software that can rescue the footage at all? I edit in FCP7.
Depending on how out of focus your footage is, and how much running time you are talking about, try shrinking the footage.
Maybe put a full-bleed, toned picture in the background, and have the footage in question play at 40-70% of full size. As the picture shrinks, it will look more in focus. (Once again-depending on how out of focus it is)
Maybe put two shots on screen at the same time, both reduced in size? Depending on the content...