I do believe that this importing does some kind of conversion, but it did seem to work.
Not really. Movie files can contain three different bits of "size" information --the physical dimensions of the matrix to which the video was encoded, the pixel ratio at which the encoded file should be displayed, and the current actual dimensions at which the movie is set to be displayed during playback. A common example of these different bits of information would be the common DV file compression format. In its simplest form, these files can be said to be encoded using a 720x480 physical data matrix (aspect ratio of 1.5:1) but may be flagged for playback with either an SD 4:3 (usually 640x480) or Widescreen 16:9 (either 853x480 or 640x360 depending on the application) aspect ratio. However, as any QT/QT Pro user knows, the actual playback dimensions can the changed by stretching/shrinking the player window or by entering different dimension/aspect property values. Basically, iMovie '08/'09 ignores the physical encode/dimension settings and uses the pixel aspect setting when it imports files directly from the camcorder. Other applications and/or workflows, however, ignore or even throw away/lose the the aspect ratio information and, as a result default their displays to either the SD 4:3 dimensions or, on more rare occasions, to the matrix encode dimensions depending on the specific application in use. Depending on what you plan to do with the content, you have three basic options at this point -- 1) you can restored the PAR by re-encoding the file to a compression format that automatically restores this setting, 2) re-compress the data manually correcting the display dimensions to values representing the correct aspect ratio, or, 3) in the case of QT Pro, simply change the current physical display dimensions without actually re-compressing the data. This last work flow is fine for some applications but not others. (E.g., they would not work as a quick alternative for restoring the correct aspect ratio for iMovie '08/'09 editing but would work for older versions of iMovie or for display in the QT 7 Player.)