Importing iMovie Events/Projects to FCP X?

Question

Hi I am a complete newbie to the MAC forums. Apologies in advance for the long winded post!
Past:
I have been a Windows / Video Studio user for many years. (Win 7, Q6600 cpu, 8gb RAM)
I principally make DVD's of slideshows, interspersed with video and with a music background for myself, businesses and friends.
I'm not a "Pro" by any stretch of the imagination but I've been successfully making reasonable quality output.
Now
I've moved to the Mac and as my profile shows I've bought a reasonable machine - iMac 27", 16gb RAM, i7 3.4gHz cpu, AMD Radeon HD 6970M (2GB) and 1TB main drive and 3TB external drives.
I have iMovie '11 and (after reading extensive reviews) just purchased FCP X to see if I can -
Utilize the 64bit the iMac is capable of; and
give myself more flexibility for creativity (VS X3 had heaps of themes, transitions, titling etc)
Questions
I expected FCP X to import the iMovie Events and Projects hassle free (most bad reviews referred to comparisons with FCP 7 etc.) However when I import the projects -
The iMovie MAPS feature is not supported (this is a real hassle as this was a recent welcome introduction from iMovie '09 on). Apple support suggested I export the whole project to a QT movie then import into FCP X but as I told them I bought FCP X to speed up the process, not to process a 32bit app then import to a 64bit app to do my final output. (Since then my research suggests there is a workaround to the MAPS problem if I just create the Maps in iMove and export to QT and import to FCP X - Why would Apple not just continue this feature in FCP X?
All of my photos appear full screen in iMovie, however when I import to FCP X  some of the photos are significantly smaller i.e. appear in a black frame. Is this a media problem or is FCP X not capable of importing the project in it's iMovie form?
All text frames (as intros to particular groups of photos) lose their formatting and the text is cropped and unreadable.
All this from a product that is purported to "import iMovie Events and Projects". The imported mess I have suggests I'm better off starting from scratch but this means the "import iMovie events" is useless?
Lastly, the plethora of options for output leaves me baffled to say the least. It is not helped because i am not a Pro but even iMovie is difficult to easily produce a high quality DVD for playback on a big screen TV. I try various options, SHARE>Media Browser>LARGE, or 1080p (produces 108 error in iMovie) Then import into iDVD to produce DVD menu and output to Image file prior to burning on SL or DL media.What is the best workflow to produce the best DVD output on a HD TV?
Thanks in advance for any help as time to complete some projects is against me.
George

Answer 1

Thanks Tom.
Do I understand correctly that to produce 90 minutes of high quality I need a Blu-ray burner? I follow that DL discs can only produce HD up to 40 minutes and to go beyond that I need a Blu-ray burner and disc.
On advice from Apple Support, I provided feedback for a feature request when I first struck the problem. I'll research the forums more to seek out answers to my questions. I'll have to find the "spatial conform" section. In the meantime I'll finish these projects as best I can in iMovie and then start my learning curve with FCP X as I am probably biting off more than I can chew at the moment.
Patrick and Tom, I appreciate you taking the time to share your wealth of knowledge.
With thanks,
George (in Tasmania Australia)