Panasonic SD700 Camcorder compatibility with iMovieHD

I am considering the purchase of a Panasonic SD700 Camcorder not just for the reported image quality but because it has sockets for an external mike and headset. My only remaining doubt is its compatibility with iMovieHD. Is is simply a case of transferring the SD card from the camcorder to my Mac or does the camcorder output have to be converted into an iMovieHD-compatible format? Help would be appreciated. Regards.

There have been a number of responses to my initial query but none seems to address it directly. I have both iMovie 09 and iMovie HD. The Panasonic model in which I am interested is the SD700 which only uses SD cards. I want to buy the most compatible camera possible to use with either of the above applications. I am trying to avoid having to do conversions to another format before I can edit. I am a newcomer to video & camcorders trying to avoid an expensive purchasing error. Further guidance would be appreciated and thanks to those who have contributed so far. Victor

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