Yeah, I kind of laughed at their tricky wording about "High Resolution" and what-not.
From what I've found online, almost all of the distortion and frame dropping are caused by using the low quality, class 2 SD card that comes with the camera. It seems that after people switched to a class 6 or even class 4 card, the problems were solved. I have an 8gb Class 6 card on the way with the camera.
I watched a sample video comparing the night footage and movement footage of this to the GoPro Wide, and this has much better quality at night, but slightly worse movement.
Price-wise, though, I think this will be worth it, as the GoPro costs about 3 times as much.