Will the Blackmagic Design HyperDeck Studio SSD Deck recorder, record files I can use in i-movie11?

Hi guys I am getting ready to upgrade our school video studio from SD (SVHS) to HD. I have found a cool video switcher (ATEM 1) $995.00 from the company (Black Magic) that allows you to use HD consumer cameras with HDMI or SDI outs to produce pro-switching and key results for a good price. However i am a bit stuck on what HD recorder to buy to record the final mix to? Black Magic also makes a SSD HD recorder http:/www.bhphotovideo.com/c/product/766056-REG/Blackmagic_Design_HYPERD_ST_Hype rDeck_Studio_Solid_State_Disk.html
that will record in uncompressed and compressed modes that looks cool for another $995.00, but will that SSD recorded footage work when my students import their "switched" footage onto their Macs to edit in i-movie 11? I see that is does allow recording at pro res (an apple codec) but I really would like to get some adivce to see if anyone knows this will work before I buy all the gear, I'm not up on pro res.
I was told I needed a SSD card dock with USB to get the footage into the mac for editing, the unit also states it records in quicktime files. However my 8th graders will be using the footage in i-movie 11 to edit not final cut. I think i-movie will not accept uncompressed video footage. Has anyone out there bought this unit and will it work for my needs? Or if anyone has a better HD recorder that might fit my needs better i would love to know.... Any feedback would be great!
I found another HD recorder from Panasonic the "AG-HMR10 AVCAM memory card portable HD recorder http://www.bhphotovideo.com/c/product/625609-REG/Panasonic_AG_HMR10_AG_HMR10_AVC CAM_Memory_Card.html
it is a AVCHD, and records to mini SD cards but i think it only records to 1080i 60, and again I'm not sure if i-movie will accept that? Help!
Thanks Steve

Thank you for your reply, Kevin.
I have watched this tutorial and have tried all of the recommended settings. Unfortunately none of these suggestions has helped the problem.
As soon as I try to play back one of the captured files its like it chokes everything up. Even if I close and re-open premiere and drop some DSLR footage in (which works fine as I mentioned above) it exhibits the same behavior. The only way to get the DSLR footage to play correctly is to restart the computer.

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