My Windows Movie Maker had been able to open these files and edit them just fine, and I was wondering if there was a similar way to get these formats supported in iMovie (considering that it's supposed to be the vastly superior application). I am converting them with MPEG Streamclip right now and I guess it works fine, but it would take much longer to have to convert every time.
Also, I realized iMovie can open some of my .mp4s fine too and I can set it to not convert/optimize the video, but for some reason, the whole interface is slower with the video when I do that. Is there a reason for this?