I went with Voltaic HD, which as $39. Footage looks good, but it takes forever to transfer. I just can’t believe that FCP 7 wont take m2ts or mts files unless you plug the camera directly to the computer. Not efficient at all.
I have been doing a stand alone MOV and not Quicktime Conversion. I have also put the footage on its own sequence, and it didn’t stutter. I will try the Compressor option though. Thanks