I was actually looking into video stabilization apps, and stumbled across this. It’s a free plugin that yields an effect very similar to some of the “rotoscope” type animated films and commercials. While those films were much more labor intensive, this free plugin from NewBlueFX called “Cartoonr” achieves something very similar, and with little effort.
I did try this out myself in Vegas Pro 7, and by golly, it works pretty darn well. A number of presets are included with various looks, and settings to various parameters can be easily dialed around to your taste. Sure, it does slow down the render time. Surprisingly, not as much as I thought it would.