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Just used Log & Transfer, seems to have worked well.
This is the one thing that really bugs me with FCP, and the reason I've since switched to Premiere Pro. Being able to just drag and drop the original MTS files into a project without jumping through hoops it's a serious asset.You can not import the 'naked' MTS files, you must use "log & Transfer". I think you have to also have the AVCHD hierarchy intact... it has been a while... There are 'rewrapper' tools to convert to a MOV file format... but I've not used those at all.
This is the one thing that really bugs me with FCP, and the reason I've since switched to Premiere Pro. Being able to just drag and drop the original MTS files into a project without jumping through hoops it's a serious asset.
Nick can you describe how to use mpeg streamclips to convert mts files please. From what I know mpeg stream clip does not recognize the mts files I try the clip wrap combination with no success