Hi leadhillsmike - sorry you are suffering too :(
It looks like the only thing that we have in common is the Windows fully up to date :), this may or may not be a coincidence lol.
I am running on a compaq PC - ipad 4 is creating the .mov files, iTunes version is 11.1.2.32
As a matter of fact, this whole windows 8.1 debacle has finally tipped the husband over the edge and he is going fully apple this week and I must say I envy him. I cannot because of my websites and the software that I use to build and maintain them so.....
I am getting his pc which is a bit swisher than mine, - I will reset it to factory settings and start afresh with the operating system updates...
It will be interesting to find out whether this solves the problem. If it does I will post a message here, infact will post either way.
Wish me luck.