Best with iMovie '08/'09
To use the USB connection, including this method which seems to "emulate" connecting the camcorder, you need to be running iMovie '08/'09. If you have an older version of iMovie, then you would need to use file conversion software.
Chris
I dont know much about 5.0.2 but have you try'd just opening it up from iMovie. Surely has an "import from camera" option under the file tab.
To use the USB connection, including this method which seems to "emulate" connecting the camcorder, you need to be running iMovie '08/'09. If you have an older version of iMovie, then you would need to use file conversion software.
Chris