I have been struggling along with my G4 powerbook for a year now, filming with my Sony HDR-SR11, downloading the .mts files, converting with voltaic, (a great program, but on the G4 it is eternally slooooow), and then editing in imovie HD. I used to spend my evenings setting up my powerbook to convert files overnight, (and sometimes all the next day). It worked. I was happy. Today I got my new 17" Macbook Pro 2.93 MHz with a 1TB 7200RPM external eSATA scratch drive. I hooked up my Sony via USB, fired up imovie 09 and was surprised to see a dialog asking me if I wanted to import my footage. Of course I said yes, and there were my movies, not only with preview, but I could actually PLAY the preview. I was shocked-pleased-amazed! I picked my files to import and it took SECONDS, not minutes...SECONDS to import my movie footage and convert to .MOV. I am pleased. Very Pleased. Tickled. I imported at full resolution to my external scratch drive, opened one up and it played. Yes, it played. No stuttering, no dropped frames, full majestic HD. This is a good day for a movie maker.