Thanks for the info! I used iMovie 1.0.2 - 2.1.2 - 6.0.3 for DV projects and just two weeks ago finished the last project before maybe finally retiring my old Sony TRV320E miniDV camcorder (actually it is an "unnEUtered" D8 camcorder that records miniDV format to Hi8 tapes). I had to refresh my memory about the many weird iMovie bugs you had to be aware of -- luckily I had an old memo how to avoid them.
I was dragged kicking and screaming from the "old" iMovie to FCP but good old iMovie still feels more at home with DV projects (I use MPEG Streamclip for deinterlaced output to .mp4 -- this very last project didn't go to DVD at all. As far as I know iDVD 6.0.4 doesn't run on OS X 10.8 or later and DVDs now feel so clumsy anyway).
My memo from a few years ago: iLife 06 installer doesn't run on OS X 10.8 because it is a PowerPC application. iMovie HD 6.0 can be installed via Pacifist ($20): Open the iLife 06.mpkg installer with Pacifist, select the whole iMovie package and let Pacifist install all components to their correct places. iMovie HD 6.0.2 Combo Update and iMovie HD 6.0.3 Update can then be installed normally.