SteadyMove unfortunately is not free, there was an educational version that was free that you could download and it was also given away with Premiere Pro, infact I downloaded the educational version and used it with Premiere Elements for a while, but I think they removed the link.
PE7 has a stablizier included, similar to the one in Power Director I quess. Your best bet is to export from Power Director as a DV-AVI and then bring this into PE4 for further editing.
If you want a really good stablizier then I can recommend Mercalli... it is very good, unfortunately not free.
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A video stabilizer was introduced in PRE4. Under effects, search for stabilizer.
Ahah! Thanks, VideoJohnny. Got it. That's good, especially if I don't use the camera I've been using so far.