Apple now has its own HD Video Format -- 540p
The HD2000A and FH1A will be the first camcorders to support iFrame—a test run for the new format's success. While iFrame uses the same MPEG-4 AVC/H.264 compression codec as other high definition camcorders on the market, video recorded in this setting has a resolution of 960x540 and progressive scanning at 30 frames per second (30p). With these limitations of resolution and frame rate, it's clear that iFrame is designed to provide users with smaller, easier to edit video files. Full 1920x1080, 60i AVCHD files can be a chore for even the most robust hardware and software.
"This format offers a major breakthrough in reducing the time it takes for consumers to import, edit and share high quality video," said Tom Van Voy, General Manager of the Consumer Products Group for SANYO North America.
This should import directly into iMovie 09.
Cheers, author; The Ins and Outs of iMovie 09: Maximum Quality HD and DV