A few times before I have imported my short clips from the Sony HDR-CX106 camcoder directly using iMovie camera import features. Now, that I had a bit longer videos on the camera, I got to thinking why it takes so long and how come it reports that 60 GB of my hard drive will fit only 1 hour or so full-quality video. It turns out that by importing, iMovie probably converts all the clips into HDV compliant format, thus MPEG2 and thus resulting in wasting my hard drive space.