The problem here is not only formatting but formatting with FAT32 since exFAT appears to cause some problems in the Panorama cams...Formatting always helps for stuttering.
But why recording within 1 second?
You can use this tool right here: http://www.ridgecrop.demon.co.uk/index.htm?guiformat.htmIf you have a windows pc then how do you format to FAT32?