Hi everyone, I've been searching through the forums here and Google, but can't seem to find out what software I need to do the following: Take an .m2t file (MPEG2 Transport Stream, I believe) that I have extracted from my PVR, convert it to something editable (preferably without any re-encoding), do some minor edits (removing the commercials and the like) and then either save it as something iTunes and TV can read or burn it to DVD. The catch is the .m2t is in high-def and 5.1 audio. I don't want to lose the 5.1 when burning to DVD or the high-def resolution and 5.1 if I keep it for itunes. From what I've read, it seems mpegstreamclip can do the first part, and convert the .m2t into a plain MPEG2 file, but that's as far as I get. I'm pretty sure iMovie and iDVD can't do the rest. Final Cut Studio, which I think can, is out of my price range. If anyone can point me to a thread/post/article or just plain tell me what I need, I would appreciate it. Thanks!