I'm on a mid 2012 MBP with FCPX. Seems like right when I import AVCHD direct the from the card it transcodes, but is that just a setting? I don't check the box for proxy media or optimize media. I seem to remember even if I copy the whole Private folder over it still transcodes. Maybe I just haven't looked into it hard enough. I know in one of the latest FCPX updates they added support for .mts files, which is nice since before you needed the whole Private folder or use something like Clipwrap to re-wrap it to a different file type.Depends on the system. On my 2011 17" MBP I can edit native AVCHD in both Premiere CC and FCPX very easily. I do transcode in FCPX just because it skims the clips just a tiny bit better but native editing runs like butter for me.
Haven't tried Premiere CC on my Mac, but on my PC I remember importing a .mts file and I saw the "Transforming" status bar in the bottom right.