Yes, I copy the Contents folder and the lastclip.txt files. Some of the clips from it can be imported, maybe 60%. The rest all have the red exclamation point error message.
The footage is shot at 720/24PN. Import settings are set for video and audio capture via p2 import.
Went on a shoot this weekend and the problem exists ONLY with our updated 5.1.2 system, not the other 5.1.1 system. Same clips import fine on the 5.1.1 system. All have the same OSX version and are up to date.
Thanks