Can I import ImovieHD in FCE 4?  Please Help!

I am embarking on a big project, and my FCE 4 has yet to arrive in the mail (downfall of getting things in Canada from US).....I want to start importing footage, as I have 80 hrs to capture on a lacey external drive cause I have the time.
I know FCE 4 recognizes Imovie 08, but does it recognize IMovieHD....
I see from all the posts that you all know your stuff, so I thought I use the power of a forum for help...

Don't do that then. iMovie captures in a different format. It captures DV Stream not the QuickTime format used by FCE.
That said you might find that many people have problem capturing from Canon cameras to external drives. LaCie does not support the use of its drives with Canon cameras when they're in the same bus. Unfortunately Macs only have one FireWire bus. There is no way to add a second bus to an iMac. What you may have to do is capture your material in batches to the internal and then move it to the external for editing.

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