Considering purchasing a jvc gy-hm710 & Vegas Pro 11. Can I direct edit .pm4's in Pro 11?

I use an HM-700 and two HM-750s at work and have no problems dropping MP4 files directly on a Pro 10 timeline so I see no idea why they wouldn't work in Pro 11.
I use XDCAM EX ClipBrowser to convert them to MXF files though as a lot of my work is lengthy shoots (30 min. to 2 hr. continuous) and this free utility stitches them together into one long file instead of several short ones.

edit:

Link to ClipBrowser-
http://pro.sony.com/bbsc/ssr/micro-xdcamexsite/resource.downloads.bbsccms-assets-micro-xdcamex-downloads-XDCAMEXClipBrowserWindowsMac.shtml

Be sure to check out the JVC GY-HM Series Camera Systems forum on this site as it's the only one I've found and the folks on there are very good at sharing information.
http://www.dvinfo.net/forum/jvc-gy-hm-series-camera-systems/

if I am not mistaken Vegas can edit MP4 since version 9 and 11pro dos it even better,
if you will be shooting XDCAM EX you will NEED to use clip browser to re wrap longer than 4Gb clips to avoid dropouts

Thanks guys- great info