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it all depends on what you're planning on doing with the video. if you're doing heavy frame by frame editing, converting to an uncompressed format is the better solution.I was shocked when I first tried editing AVCHD footage on my new iMac. Every single piece of editing software you can buy handles and edits AVCHD fine without converting to another format wich requires a lot of harddrive space... Well everyone EXCEPT apples iMovie and Final Cut!
AVCHD video implies directories and support files to support subtitles, audio, menus, etc for blu-ray playbackI am sure this is another case of Steve Jobs holding a grudge against someone (Sony?) and therefore not wanting Apples software to use AVCHD. I really do not see any reason why else it does not handle AVCHD. It is simply stupid to have to waste time and space on converting to another format.