270 mbps uncompressed video/iMovie?

I have 10.3.9 and because I want to play with uncompressed digital I have been told I must upgrade software because iMovie only handles 25mbps. Thus I am looking for the lowest cost way to do it. I am having 6 hours of home movies scanned into pure uncompressed digital at 270 mbps and loaded on a portable HDD. I was thinking of upgrading to iLife '08 until I read the bad reviews on iMovie '08 and saw the system requirements for Final Cut Pro or Express. It almost seems that I will have to buy an entirely new Mac with faster processor, more RAM, and largest HDD. I welcome any and all suggestions to resolve my dilemma and will Express do it for me?

I have had very good results with iMovie 8, and I found iMovie 6 usable, but very tedious and slow.
However, if you have had past experience with a timeline based editor like iMovie 4 and you liked it, you may be more comfortable with IM6.
iMovie 6 is based on a timeline paradigm where you set the in-point, set the out-point and then trim. iMovie 08 does the same thing, but uses more of a copy-paste, or drag-and-drop interface.
iMovie 8 is the current product. You have to buy it as part of iLife 08. iMovie 6 is no longer being sold, but you can download it free as a user of iMovie 08. iMovie 6 does DV very well, but it does not support the new AVCHD cameras.
If you need more sophisticated timeline capability, another option is Final Cut Express at about $200. It is still a current product and supports all the current cameras, and has the timelines and effects that iMovie 08 does not.
Personally, iMovie 08 does everything I need it to do for home video. If you get into narrative video (making an independent movie), wedding video, commercials, animation, music videos, etc, then iMovie 08 is not the right tool. If you need special effects like slow motion, simulated rain, simulated camera flashes etc., then you must use a tool other then iMovie 08. If you have multiple cameras that you want to use over a single voice track, then iMovie 08 is not the optimal tool. It can be done, but it is much easier in a timeline based editor like IM6 or FCE with multiple video and audio tracks.
Here is one example. I threw my wife a surprise birthday party. We shot about 45 minutes of raw footage. I was able to import the AVCHD footage in 1080i, edit that down to a tight 8-minute movie, post it on .mac Web Gallery, and share it with all the attendees on the same day. With iMovie 08, you can edit as fast as you can think it.
I am going through my library of old VHS and DV tapes and editing and putting on the web. I have made 65 movies so far. At the same time, I am staying current with my current AVCHD movies. I could not do this before iMovie 08.

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