So I ended up figuring it out around 8 PM yesterday after talking with some other editorial houses. I at first thought it could be a framreate issue after readin millions of text on the internet. Talked to the DP and he swore on his life it was shot at 720 30PN (Native). I had heard that FCP 5.0.4 couldn’t handle that but that FCP 5.1 could (Which is what I was running it on.)
As it turns out the encoding on the P2 cards can become “Corrupt” in a way that Mac and FCP can not read them. The files really arn’t corrupt and if put on a PC would be read immediately because Pansonic offers software that fixes it only to PC’s right now. I’ve been told that both Panasonic and Apple know about the problem and are trying to fix it as it is on their list of things to do. As of right now the only program i’ve found that could read the files and export them for em properly is HD Log or P2 Log from Imgaine Products. It exported just fine for me with XML’s and QT’s. This is the only solution I found and it will cost you either $200 or $500 depnding on which one you get. If anyone else happens to know of another way i would appreciate the knowledge.
Also i would have waited for 5.2.1 except the agency were working with wanted these clips done ASAP so that wasn’t an option. I appreciate everyones help.
Jonathan
P.S. Im making another post about a color problem were having with thats ame footage, so if you happen to know of color problems please respond.