First, let me tell you that this version of iMovie has really great features. It would be the perfect program for me if e output quality was any good. I have a Panasoic TM700 camera and I shoot 1080p video @25fps. I import the video to iMovie and when I export it using the default 1080p setting, I get not the best quality my camera has. The video has artifacts and on most dark places it pixelates. I tried nearly all QuickTime export settings, changed compression method, quality, keyframes, but I always get the same problems. Using Adobe Premiere the same video looks excellent.
The quail isn't bad, but it is not what my camera can. I now use iMovie only when I want fast results that I publish on YouTube. For everything else I use Adobe Premiere. It is really a shame.
Mac Pro Mid July 2010, Quad Core @ 2,8Ghz,
Mac OS X (10.6.4),
iPad 16GB WiFi
I find that in iMovie v10, the imported video quality is great. However, once the video is exported the quality is destroyed. In iMovie v9 i was able to mess with the settings to eliminate a large portion of the quality loss but there are no such settings in the new version.
Good for you Johnday, but isn't it sad that in this day and age, that we have to go to so much trouble to accomplish something that should be SIMPLE (hey, we got people on the moon, already), but I guess it all comes down to making money.
I'm hoping one day, to take an .mov from quicktime pro and be able to burn it to a dvd with original quality, without all this mayhem. Wish my brain was as young as your's Johnday. All the best.