I took my VIRB Elite out today on a mountain bike ride since I had upgraded it to 3.7 and wanted to try it out. Video mode 1080p@30fps, UltraZoom with lens correction and stabilization on. The VIRB performed flawlessly. I got a low battery warning at about 1 hour 45 minutes but it continued running until I turned it off at 1:54:58.
So I got it home, imported the video into VIRB Edit 2.4, and put the 5 clips together into a project. My custom template includes the distance and duration counters (you need a transparent duration counter, by the way). The problem is that at the transition from the first to second clip, both distance and duration reset to zero. I've seen this before when I've had trouble with the VIRB (freezes) even if the transition occurred before the freeze, but I've never seen it for a continuous video that was recorded successfully. Clearly this is a problem with VIRB Edit 2.4, so I'm going to keep this video and the GPS tracks around until 2.5 comes out, but I just wanted to report the problem. I don't know why it should do that, especially since distance/duration is fine at all of the other clip transitions.