[Geoff Addis] “I understand that the latest 6.0.2 update to FCP includes the capability in easy set up to capture HDV via firewire with conversion to ProRes on the fly. Anyone know if this is correct?”
Yes this is correct, that is what this entire thread is about.
The BIG downfall is that you cannot log and capture anything, it only works as a capture now, just like capturing with the Apple Intermediate Codec.
I do not like not being able to log and capture so I will probably continue capturing the video as HDV and changing my render settings to ProRes, this way anything that needs rendering is rendered in the ProRes Codec.