A friend got this camera to take to India and shoot video. We ran into a show stopper on the Mac using iMovie 08. Video shot with this camera will not work (you can’t import it / grayed out) when using iMovie 08. The problem relates to the sound. You’ll have to convert each movie you shoot first and then import it to iMoive 08. I used Quick Time Pro to convert each movie.
See my post on apple discussions for ways to fix the problem — http://discussions.apple.com/thread.jspa?messageID=5849543