SD reader on new 27" i-mac OK for video importing? + FCE4 vs 3.5?

I just ordered a new i-mac (my first btw!) and am trying to figure out a few things. Mac won't get here for a couple of weeks since I upgraded the ram and video card, so I can't test my questions yet.
I want to shoot some simple "how to" instructional vids for some motorcycle parts I sell. I will host them via You-Tube. I plan to use the Video function of my DSLR Canon T1i (500D) which shoots Full HD video at 1920 x 1080 resolution with HDMI output for HD viewing of stills and video in MOV format. I saw a few comments in the 27" i-mac reviews section suggesting that the SD format was having issues with importing of video to FCE.
I am considering FCE 4 for video editing, however there are quite a few reviews that suggest FCE 3.5 may be a better app if I can find it. (several new in box copies on e-bay now for good prices)
Main concerns I noted were that FCE 4 no longer includes Soundtrack 1.2, but it does offer support for AVCHD. I'm confused if I really need Soundtrack 1.2 and if I have to have AVCHD for quick importing from the SD media my camera uses?
I will be using some music in my vids and would like to be able to do easy voice overs, but nothing crazy soundtrack wise. Is there no sound track editing in FCE4?
Thanks for helping a NOOB!

The problem with your camera is that, like 95%+ of the market, it is a compromise, trying to be a jack of all trades, combining video with stills and aimed at people who generally don't want to do any serious video editing.
As such, the designers have not concerned themselves as to whether it will be compatible with existing editing systems as most users will simply want to view their all the footage they shoot or at the most just cut out a few bad bits.
Almost every other camera that has been introduced in the last few years seems to have been given its own unique format which is totally incompatible with everything else. It makes the VHS/Betamax etc. wars of the 1980s seem like a walk in the park.
To answer your question about about AVCHD, it is the most popular high definition format in the consumer market and will probably take over everything unless/until it is superseded by some, as yet unannounced, format.

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