Video import from PAL camcorder

I have just bought a Canopus ADVC110 which converts analog video to digital and have it hooked into my Powerbook Pro via a firewire lead.

I have my analog PAL camcorder tied into the canopus and am attempting to import some PAL video but not getting very far.

I fire up iMovie and it does indeed detect the camera but when I create a new project it appears as DV-NTSC and not DV-PAL. I have changed the 'New Project frame rate' preference from 29.97 to 25 but still no good. When I click on Import I get the video/audio but the video is VERY jumpy and in black and white and the audio is totally garbled. As the video is PAL and the project says DV-NTSC this might be the issue? I would have thought that the Canopus would remove any PAL/NTSC issues as it is being converted to digital anyway? I don't know how to change the new project from DV-NTSC to DV-PAL, again I thought switching frame rate to 25 would have done this?

So, can anyone help me get a smooth video import onto the Apple? I dont care what resulting file format is as long as I can import and play it. I don't mind buying a different video application if necessary and do have Toast Titanium if that helps.

Many thanks,