What is the best way to import and edit a large amount of footage?

Hello Apple world,
As a newbie to Final Cut 10 I have a question regarding best ways to import footage. I'll give you a quick run down.
I have a 150 gig of gopro footage that I just hit 'import' to recently (from my external HD), it took around 10 hours to process it all.
Its all under one event, but then somewhat organised into dates etc. But it is very slow. I imported it all at once because it was all footage from the last 6 months of my Whistler/states/fiji trip and want to make a movie out of it, using clips from all over the time, not just in chronological order.
I have the latest mac book pro, 4 gig ram,2.4 GHz i7, 750 hard drive, with nothing else on the computer.
Ive read about creating proxy media, after ive imported, but am still somewhat confused as to the benefit. Does it create duplicates? that will fill up my pretty large HD as it is!
Can you suggest any ways that might make my laptop run a bit faster? Should i delete and work directly from external HD etc etc?
Any suggestions will be greatly appreciated!
Thanks in advance
Harlee

ascreenwriter wrote:
Hello,
I've just finished shooting what I am considering to be my directorial masterpiece.  Shot it on the Canon 5D (1080p, 24fps), and the footage looks amazing.  Now I am ready to start editing and have been using premiere lately, but I have yet to figure out the proper pipeline.  I want to know the best way to retain resolution before I delve into this project.
My questions:
1)  What is the best way to start a new project and import the footage without having to render whilst editing, so as to retain all resolution and originality of the source footage?
2)  What is the best way/ codec/ format to export this same footage once editing is complete so as to retain that crisp 1080p for which the 5D is so recognized?
3)  What is the best way/ codec/ format to import and export/ render between premiere and after effects?  I am speaking mostly of vfx and color correction.  I also have some 30fps footage that I intend to slow down in AE and then import into premiere.
I know this is pretty broad, but as a solo filmmaker I really need someone's guidance.  I rarely ever finish my films with the same, crisp look as the footage.  I need pipeline help, and really appreciate it!
1. Follow the advice above. Also use the Media Browser to import the footage in case you have spanned media files. Import files with the Media Browser.
2. It largely depends on what you wish to ouput to: Blu-ray, web, etc. This FAQ gives the best answer: What are the best export settings?
3. Use the Replace with Adobe After Effects Composition function.

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