Boomerlu:
For camera shakes you can do a trick in Vegas : using pan and zoom, you can move a little, during the scene, the frame (see on youtube a lot of guides for how to do this). Concerning the sounds - i put them manualy.
MJTalon:
You can apply sound effects in Vegas as you do for video. There are a lot of sound effects as : Pan, Distorsion, Reverb, Volume, etc.
Say you have the sound section under the video section. On the left side (where is the volume) you can see a small green button (kinda cross). Push that button and you'll find the effects.
Good luck. <S>