It looks like Cineform has a FCP beta version available for download. I'm going to attempt to use it...if anyone has any pointers I would appreciate it. I'm curious, does the Cineform file retain the original timecode? What if a project needs to be re-captured?

Cineform for Premiere holds the original time code.

Jon,

There's a Cineform Showcase Forum under HD/HDV Editing Solutions and a guy named David Newman who works for Cineform answers questions on a daily basis. You'll get your answers returned much faster if you post over there.