Hmmm... wishful thinking maybe, it was never suggested by any official source that I heard of myself. Still, I guess thats besides the point at this stage.
+I do have the entire folder on my hard drive, but they still won't import.+
Joel, are you certain you have the full (bdmv) folder containing all the various subfolders of which the stream (mts clip) folder is just one ... or is it just the folder with the mts files in?
+Is a conversion software like Voltaic the only solution here?+
Check out Wally's 2 consecutive posts here (especially the 4th method) ...
http://discussions.apple.com/message.jspa?messageID=9966355#9966355