New to FCE from Adobe Premiere Elements

Hi.
I've just switched from the bug laden Premiere Elements 8 to FCE on my iMac and I have to say so far so good. I just have a basic question about setup for my projects.
I may be getting confused here on account of being Premiere Elements user for the past year, but how do you define your project settings in FCE and is there actually a need to do so?
I am used to establishing my project settings before starting work: i.e. determining the video and audio format, such as whether the footage is DV, HDV, AVCHD, and then whether it's an NTSC or PAL project.
I know FCE can mix and match clip formats - so have I just answered my own question?
Thanks
Craig

Ok. Cheers Ian.
Well..we're a music services company based here in Egypt. We're starting to get into multimedia as we have a nice pro recording facility here. Probably end up doing some low budget web videos/short corporates etc for people based here. Anyway..at the time of writing we are looking to buy a camera in the UK in the next 2 weeks and bring it over to Egypt.
We want a 3CCD/CMOS 'prosumer' camera and have spent the last few months researching - like you do before you spend money you don't have, for a camera you don't really need, for work you probably won't get!
So for around the £2k mark (ouch), we've narrowed it down to either a used Sony Z1E (with around 400 drum hours), a new sony V1E or a Panasonic AVCHD camera like the AG-HMC71 or AG-HMC41.
Now we're stuck. As there are pros and cons for all of the above cameras and we literally cannot afford to spend more to move a step up in order to get a camera that would do the lot.
We've heard that AVCHD workflow is the way to go...but that it's hard on the NLEs. Then the Z1E is industry standard pretty much...and then the V1E is light, shoots great HD picture but has some wierd shutter thing and also the zoom stutters apparently...?
any idea what I'm on about..?
Cheers
Craig

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