Media Pending with Adobe Premiere Pro CS4

Question

First of all guys, I know this is not a brand new issue but please help me out as am providing details. Thank you.
I have JVC Everio jvc everio gz-hd5 60GB camcorder. As you probably know that it records file into .TOD format, I converted them into .MPG format. This is how I am importing to Adobe Premiere Pro CS4 before it's showing me golden little screen displaying PENDING MEDIA forever.
1. Import -> new project
2. Capture format -> HDV
3. Available Preset -> HDV108030p
Operating system detail
Microsoft XP Pro Version 2002 Service pack 3
2.19 GHZ, 1.99GB RAM, Intel core 2 duo CPU
p.s - I read some forums but the way they explained is too confusing.

Answer 1

I dont think I have enough info about your computers and hard drives and so on to tell if you can really edit HD stuff , but at this point you should really convert the TOD file first anyway. I don't think just renaming the extension will make it work OK, but I found some info on the internet that might help you convert to a more editor friendly format...
Standard definition video is stored in MPEG program stream container files with MOD  extension; in most other systems these files have extension MPG or MPEG.  High definition video is stored in MPEG transport stream container files with TOD  extension; in most other systems these files have M2T extension.[2] Transport stream files can be converted into more common program stream  files without recompressing the video itself. For example, FFmpeg,  a free software program, performs the conversion on Windows  and Linux systems with the following command: ffmpeg -i myclip.TOD  -acodec copy -vcodec copy myclip.mpg. Software, included with TOD  camcorders, performs this conversion as part of capture process. A  similar command is used for MOD files: ffmpeg -i myClip.MOD -vcodec  copy -acodec ac3 -ab 384k myClip.mpg -acodec mp2 -ab 192k -newaudio.
You Gspot screenshot is good, and it shows that it doesn't recognize anything about the codec and codec name..the right side of the GSpot is usually full of information about the video file...like the frame size, FPS , aspect ratio, and so on.  As you can see from the above paragraph you would probably benefit from converting the TOD file using FFmpeg or some other program like streamclip ( also free program )
That's your first step I think...
You will have to know what your video file is...from the camera manual you can find out the frame size and fps used, whether it is progressive or interlaced, etc...  The reason you will need to know about your video file is because when you open the TOD file in a program like streamclip to convert it, you will want to convert it to basically the same specs, but with as a different "codec" and file type....but keep the same video characteristics as the original.