Project still won't open in imovie 09'

I have imovie 09' running on an imac with OS X and have a project that I have been working on for six month which is 99.9% complete but now imovie will not open the project.  When I select it I just get the rainbow wheel and have to force imovie to quit.  The other projects that I have all work just fine, I can open,edit, and share them.  Has anyone else had this problem?  I would appreciate any thoughts as I am totally frustrated and do not want to lose this project and all the work that went into it.  Please help.  Thanks.

If the file is MPEG2, you need a plugin for Quicktime called the Quicktime MPEG2 Playback Component, which costs $20 at the online Apple Store. You might also want to get MPEG Streamclip (which is free).
Use MPEG Streamclip (with MPEG2 Playback Component installed on your system) to convert these files to something iMovie can edit, such as DV, Apple Intermediate Codec, or h.264.

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