The adventure continues. When I got back home from the Apple store I installed iLife8 opened i movie 08 hooked up my JVC Everio GZMG27 via USB, the Everio HDD showed on the desktop of the iMac but iMovie would not import the movie files, they were all dimmed. I tried importing, dragging and every other thing I could think of. iMovie when you said capture from camera went to iSight, and no otehr camera was available.
Then, i shut everything down,restarted the mac, hooked up the camera, THEN opened iMovie and all my clips showed up just like at the apple store without having to open the Everio HDD. For some reason you have to have the camera up before you open iMovie for it to see the camera.