mini DV format Loosing Ground

When launching iMovie already 7 years ago, Apple created a small revolution by providing an easy to use video editing solution for consumers while the market for mini DV camcorder was then exploding. With the different version of iMovie, improvements were added, mostly for the user interface and rendering features. The most important evolution was brought with iLife 6 and its support for HD video.
And while we are waiting for the new iLife version, iMovie is currently only supporting the DV video format. The market for digital camcorder has evolved, and while DV remains present, many models are now based on MPEG2 format (directly stored on integrated HD or DVD), or even in H.264 video format for camcorder using flash memory cards.
Of course, one can transform a MPEG-2 or H.264 video into DV format with QuickTime, but such encoding takes time and at the end might not be the best way to preserve definition and rendering.
So, it is time for Cupertino to open iMovie to support additional video format, such as MPEG-2 and H.264, in order to preserve the leadership of iMovie as the reference for consumer-oriented video editing solution.