Adobe 1.0 crashes upon importing iPhone 4 .mov

Question

Hello all, if anyone could lend a hand, I would sincerely be grateful. I really want to give someone a star!
I have an old version of PPro --- v 1.0 (v7.0) --- and I have also installed Quicktime Pro 7 on my Windows XP. I just got my iPhone 4 and was going to try to see if Adobe would edit the .mov files from it.
I've tried importing the .mov files a hundred different ways - been trying to convert with Quicktime to a different codec/compression type other than H.264 but alas, every single time PPro crashes with the pop-up "Sorry a serious error...We will attempt to save.. Yadayada"
The weird thing is that, since I installed Quicktime, I now have the option in PPro's Media Encoder to EXPORT a .mov at H.264!  So... I can export but not import iPhone 4 files? Sooooo confused.
Edit****
Also, I can even see the thumbnail preview of the movie footage in the Project window right after I import the video for about 1/2 a second and then BAM! Crash.

Answer 1

CODEC's can be tricky little buggers. This ARTICLE will give you some background.
Question: Is there any way I can upgrade to PPro 1.5 for free/cheap?
I do not know what the upgrade path would be from PrPro 1.0/7.0, but it would be to CS5, which is current. Other than finding a legit copy of PrPro 1.5, there will be no official Adobe upgrade path to that older version. Even with CS5, things get tricky, as it will ONLY run on a 64-bit OS.
As for the version of QT Pro, my "last known good version" was 7.5.5. With newer versions of PrPro, some users have had great luck with newer versions of QT, but not all. For that reason, I have not updated my QT Pro from 7.5.5, and have not updated my iTunes either, as it wants the latest version of QT. In my case (iPods only), the older versions work fine. There might be some "features" that I am missing, but as I do not know what they are, I don't really "miss" them - at least not yet.
Now, one option would be to use QT Pro to do an Export of the H.264 material to DV-AVI (SD resolution, and NOT HD), and then Import those files.
As for the crashing of PrPro, there could be other things afoot, besides a CODEC incompatibility, though that would be my first suspect. Conversion, outside of PrPro, might be able to get you past that, but you will most likely loose the HD aspect of those files.
Just on the off-chance that it's something to do with your resources, this ARTICLE might offer some tips.
Sometimes, older technology just clashes with newer technology. The trick is to find the most painless way to interface the two, if it's possible at all. Legacy hardware, or software can be tricky.
Good luck, and wish that I had some quick, cheap and easy solution.
Hunt