There was great news for me today with the news that iMovie '08 will support AVCHD video format and will be able to convert it to an editable format.

However, when unveiling this news, both in the keynote, the guided tour and the website information, they only mention flash based camcorders.

So I was wondering if iMovie '08 will be able to work with hard drive camcorders or at least if it should work with them.