I agree with Alan, the memory card route would be much easier (and cheaper in the long run if you plan on making more), although whilst I was at college I did make animations the same way, importing the video clips then speeding cropping them to 2 frames per clip on the timeline.
moshlight
very old! I made it one evening just after some friends and I devised the name "Mosh Productions" for our non coursework work. also flash animation with sound sync issues (was all made quite some time ago!), and I didn't use the remote control to take the stills, which is a must! (hence shaking image)