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I recently got a new HD camcorder - the Panasonic HDC-SD600. As with all HD camcorders it's records in AVCHD. I am still running iMovie '09 on my 2007 iMac, which I recently upgraded to Lion. I am wondering if it's worth it to upgrade to iMovie '11 or just buy a converter app in the app store like Aunsoft's converter. I also have Final Cut Express 4, but I don't think it recognizes AVCHD files either. I just want to know which would be the best way to go. Upgrade to iMovie '11 or keep iMovie '09 and use it with a converter?