Due to a pretty good Macworld article, I think I figured out a good way to get video imported from the camera. We have some good footage of my daughter’s birth day and the her first bath, but trying to find a good procedure on how to import has previously not been easy with Mac software (unless you have Final Cut)
Luckily with iMovie 09 there is a good import as well as archive feature since I'll probably import for a nice size for the web and archive at full resolution. I may need to get another HD.