Like some of the other forum members, I too encountered difficulties editing AVCHD files from my Panasonic camera. In my case, the frames appear blurred (sometimes totally smeared) in the preview window. And when I play back the video (before as well as after rendition) a couple of frames will be distorted at the clip junction ... causing a disturbing glitch. The suggestions from forum members is to convert the video format. I consider that a good workaround, but not a solution.
I know that VP is one of the few applications that can handle HD video at all, but ... My question, therefore, is: has anyone heard whether NCH is planning to release a new version that fixes the various symptons that forum members have experienced when using AVCHD video?