It looks to be a combo of Titler and Themes/Instant Movies, in PrE parlance, but I could be missing something. Not sure that it can be done in one-step, as it appears to be in Pinnacle Studio, but maybe PrE 9 has added more automation in Themes/Instant Movies.
Hope that others have comments to help you determine how easy it would be to transition to PrE 9, from Studio 14.
I have been playing around with this in PREL8 and it is actually fairly easy to do. All it requires is a little math.
Now there are a couple ways to do this but here is the one I chose.
PREL allows you as many tracks as you need.This is a simple example using DV (720X480)
I stacked 8 clips on top of one another in the timeline, each a minute in length.
Now, under EDIT, then Edit effects, I changed the scale of each clip to be 25%.
For starting positions, I wanted a left justified montage over track 1 so this translates to changing the position as follows.
Track 2 90 420
Track 3 90 300
Track 4 90 180.. you get the idea, each clip moves 120 up.
Track 8 90 -300 (Negative 300) it will start off the screen and roll on, see below.
Now since I have 7 moving tracks and only room for 4 on the screen I created a keyframe at the 30 second mark for each clip and changed the vertical to add 360 to our initial starting point (since we need to move all the tracks down 3 spots, 1 spot = 120).
Now this can work for as many as you need it is just the math that will change.
Sounds complicated but once I figured out the math it only took 5 minutes to set up. It is repetitive, wish this could be automated, but oh well, it works. If you have more tracks you can easily do the math in Excel.