Based on the recommendation of Apple during the iMovie 08 announcement awhile back, I purchased the Panasonic HDC-SD1. Unfortunately, iMovie 08 does not recognize the 5.1 Digital Surround Sound audio recorded with the on camera mic. It imports a full right channel along with a 10% left channel based on center... I think. Arrg.
I should have expected a different language on the remote - I saved two hundred bucks on the purchase from Broadway Photo in New York. Most likely, the camera is a "gray market" item. All the packaging seemed re-used and the instruction manual is still on "back order". Oh well, I got a big discount.
I created this sarcastic rant just to share my audio nightmare with vimeo.
Follow the thread on Apple Discussions:
Update: A recent update to iMovie 08 fixed the audio nightmare, so all is right with the world. Yay!