Thanks for the update. I use MPEG Streamclip to convert videos from my still camera to H.264 for use in iMovie. It's a great little program.
You needed to buy MPEG2 component because Apple doesn't include it with the OS -- royalties must be paid to the patent holders or something. Same thing on Windows XP I think.
Good info. I'm glad to know the Apple MPEG2 works with Streamclip.
