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Title: Great product, but format requires learning curve
Review: A lot of people complain about the MicroMV proprietary MPG2-TS format, but with the right tools, it's not a problem at all. You can use a program like XMuxer to transform the MPG2-TS Sony file into a standard MPG2-PS file usable by 99% of editing programs. There is no quality loss since there's no recompression involved. I've found the IP5 to be a great, portable camcorder, with vibrant colors and sharp video. Video isn't exactly as good as the far bulkier megapixel miniDV cameras, but that's the point. No lugging this thing around.
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