I'm a Snow Leopard OS X 10.6.x user and am wanting to know if there is an Apple product for converting mpeg files to an iMovie usable format?

I'm a Snow Leopard OS X 10.6.x user and am wanting to know if there is an Apple product for converting mpeg files to a format compatible with iMovie

mpegStreamclip:
http://www.squared5.com/svideo/mpeg-streamclip-mac.html

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