I also have a red exclamation mark when attempting to log and transfer from a FT1.
When I navigate to the camera folder containing the clips via “add custom path” dialogue I get the message “”STREAM” contains unsupported media or has an invalid directory structure. Please choose a folder whose directory structure matches supported media.”
Can someone maybe email me the AVCHD.RADPlug from iMovie 09 as I’m only running iMovie 08 (I have no need to upgrade)?????