I am working with a client who Just purchased a Panasonic HMC40 and are using a Mac for editing - they just purchased FCP 7 and want to edit the footage. They copied the files to an external hard drive and now need to trans-code them. The way I understand it, FCP7 will not do that to pro res HQ without the full file structure from the original SDHC card - will neoscene do it? what other advantage does neoscene have?
Thanks for the help - I am a PC guy!

NeoScene will transcode to ProRes or CineForm files with only the M2TS files. NeoScene has advantages for a range of sources, simply more flexible.