You cannot import Mpeg2 with Liquid Edition. I think you can from Liquid Chrome but then you spend many thousands for that.

In addition to that, editing Mpeg2 (compressed) footage will result in poorer results than editing AV DV format (largely uncompressed).

Sorry it's not what you probably want to hear.

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Lloyd

That's my opinion. If you don't like it I have others

System: Apple Macbook Pro 17, and an external Freecom 500GB eSATA drive.
Software: Final Cut Studio 2 (FCP 6, Motion 3, Soundtrack Pro 2, Color, DVD Studio Pro 4, Compressor 3), Sonicfire Pro 4.5
Favourite Resources: Findsounds.com, Free DVD menus, Ken Stone's FCP Page, Wikivid