Lot's of things going on in the same thread.
1) Karsten explains the beauty of Photo-JPEG very well. Photo-JPEG also is a stealth codec because it doesn't reveal to iMovie whether a file's content is interlaced SD (which iM hates) or progressive SD (which seems OK). At this point, I've only updated my DV Chapters. See the "Motion jpeg or photo jpeg" posting for more info.
2) Lionden has tested 1080p30 with the QuickTime Player. Unless Apple changed iMovie, Karsten and I both think iMovie will treat this video as 1080i60 AND if you use scaling FX -- iM will chop it to 540p.
3) I was wrong wrong wrong on iM chopping to 540p interlaced HD if SPEED FX were used. iM correctly uses both fields of interlace HD as it SHOULD.
4) I was also wrong about iM chopping to 540p if MAPS & BACKGROUNDS were used with interlace HD. It doesn't as SHOULDN'T.
Did Apple fix these in 8.0.2 or 8.0.3?
5) I've been trying to post samples of DV edited using Photo-JPEG to YouTube, but as others report, Utube aborts my upload midway. Try this link to MobileMe:
http://gallery.me.com/dvcinlv/100159
6) See my next NEW post for a summary of what I believe to be true when iM gets 1080i clips.