Will this camera work as an editing deck?

[davidblumenfeld]

http://www.bhphotovideo.com/bnh/con...s&Q=&sku=374892&is=REG&addedTroughType=search

Anyone know if this will work as editing deck - Final Cut Pro on a mac powerbook...captured with dvx100A (Pal)

Will it transfer the time code too?

Any other suggestions out there for cheap way to capture/edit? Thanks...