Same here, just got the HD
Same here, just got the HD HERO2 today, and tried to download & run the cineform software that promptly said I needed a firmware update.
Camera has a 16Gb SDHC class 10 card in it, that successfully was used to make some videos and stills.
I am using Windows 7 64bit professional.
Doesn't seem to matter what USB port I plug in into, tried them all, or the sequence of power on before or after connecting to USB.
Result is the same, cineform downloads the firmware update then fails when it goes to send it to the camera.
With that message that you need to put a SD card in the camera or it has not enough space.
Wild guess but I'm betting the current version of cineform is not altogether healthy.