I just bought my first miniDV camera and I would like to import the footage into my computer (I have around 3 hours so far) to do some basic editing in iMovie '08. I realized that video files would take up my internal HDD pretty fast, so I want to buy an external hard drive and keep all my video files on there. I found a very cheap 500 GB MyBook and I'm thinking about purcharsing it; however, the only connection that the drive has is USB 2.0. Is this alright for iMovie '08 or do I need a FireWire drive? I don't really want to buy a FireWire HDD since FireWire 800 drives are still quite expensive and I only have one FireWire 400 port, which would be taken by my camcorder during the capture process. So is USB 2.0 good for an iMovie disk or do I need to invest in FireWire 800? Or is there a way to have both an HDD and a camcorder connected to the same FireWire 400 port, to capture video from the camcorder straight onto the drive?