I am running Snow Leopard, and when I try to import video using firewire connection from my videocam, I cannot see any video playback on iMovie, just a blue screen, but the timer is clocking in sync with the videocam playback.

I dont have the QuickTime MPEG-2 Playback Component installed on my mac. Mac?.. could this be the reason why it isnt playing back?

Is QuickTime MPEG-2 Playback Component compatible with Quicktime X as supplied with Snow leopard?

Any help appreciated?