I'm interested in anyone's responses here, too, since I'm a newbie at this stuff. Here's what I'm doing, maybe some of this info will help answer your question.
I've got about 1/3 of my 65 MiniDV tapes imported into iMovie '11. I import them to a 1 GB external drive. Each one-hour tape takes about 14.5 GB for the ".dv" files, and it takes an hour to import an hour-long tape (i.e., import is in real-time from tape).
Then, you can browse/watch them from within iMovie or double-click the .dv file and watch a clip in QuickTime, though you can't really browse them that way very easily.
Now you can use iMovie to create movies for upload, sharing, DVDs, etc. On my iMac it takes an hour or two to create (render) a 2-hour movie and burn it to DVD. I've done this with some of my footage so the family could watch it on our TV.
What I'd really like is for my wife to be able to browse my iMovie library (both events and projects) in read-only mode, from her own computer, but I don't know if that's possible.
I'm FINALLY going to start loading old miniDV videos and was thinking I would just transfer them to iMovie.
Is that the right choice or am I missing something?
Thanks.
You don't say why you're loading them or what you want to do with them... just watch them on the computer, create edited movies, watch them on your TV (easier to just use the video camera), back them up, send or post them for family, etc...