Default Does video recording use 'smart stabilization'?

I'm wondering if video recording takes advantage and uses any of the smart stabilization software in the M8?

I know there is no OIS, so just wondering if HTC's Smart stabilization helps video not be so shaky and jittery. The video examples on YouTube that show the M8 to be really bad without OIS are usually people who are constantly walking while taking video and for me that is not how I shoot video, to be constantly on the move.
(I don't have the M8 yet, I'm still on the M7, that's the reason I'm asking).

This is really the last thing before I take the plunge and upgrade so hoping some of you can comment on how good/bad video is without hardware OIS.