LukeD is correct - when you are running a mid to top-of-the-line PC, have tons of memory, and seperate harddrives for work, scratch, and sound files. Then the simple method will work 98% of the time
The steps I detailed are for use on low to mid range PC specs, doing one clip, then another - til you have all your clips converted to .AVI
I know that the OP only has 1 big movie to work with but the outline I gave was to help all those who don't have access to a monster video editing system, but still want to do this, or are trying to convert a lot of smaller clips of varying formats into 1 big movie.
I don't reccommend that you try and shortcut by importing all of your differently formatted clips and doing 1 big export to .AVI. The transcodeing progress bar just stalls every time I try and do that.
My rule of thumb - convert each one-by-one to AVI and then combine and edit.
I always save the blank project, import 1 clip, export to AVI, exit the project without saving, then repeat for each clip.
enjoy
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