Seems to work well- I just tried it on a tiger cub vid, which I've had for years and was taken with an el-cheapo digital camera:
Shaky version: http://youtu.be/g5P9WwHdOSI
Stabilised version http://youtu.be/wXfbRUk_1Bg
There is some motion blur (around 24 seconds, when the momma tiger lies down) which is a bit puzzling once the image has been stabilised. But hey, it's better than it was before.