Hi everyone -- my first post; I'm new to the group and have lurking through a whole bunch of issues that y'all have done a great job of chewing over... very helpful, as I get to know my HF20.
I've also been evaluating software which claims to handle AVCHD... and have read through the helpful sub-threads on this. Have played around evaluating Cyberlink, Adobe and Sony (all very minimally)... all seem to handle my MXP clips.
I like all 3.... particularly PowerDirector for its more-friendly GUI (and consumer-friendly price). But there's definitely more "power" in Vegas and Premiere....but with respectively-steeper learning curves.
I think most who've weighed in on this issue seem to wave the flag for Vegas. Must say, I am leaning more toward Premiere, primarily for 2 reasons:
First, Adobe products have great online support, both from Adobe and a whole bunch of users. Seems to be a lot more -- and better, more in-depth -- free tutes available for Premiere than for Vegas...
Second -- I'm a serious amateur still photographer who has spent *years* refining my skills in Photoshop. I noticed instantly GUI and menu similarities (as with all Adobe programs) and didn't miss that one can import Photoshop (.psd) images -- with all layers -- directly into Premiere.... and manipulate each after import. (I would assume one could do some cool key frame effects with individual layers of stills imported from PS....???)
So, given all the above, I think I'm going to spend more time with Premiere Pro.
Anyone else "out there" using Premiere Pro? Thoughts from everyone on my thinking... Vegas vs. Premiere Pro?
Finally, I echo warnings from those more experienced than I that if you hope to successfully post produce (edit) AVCHD, you better have a hot box. Just by coincidence, before the holidays, I replaced my 7-year-old AMD Athlon 2800 with an Intel i7 with 8 gigs of ram and Windows 7. (The old computer
doesn't even want to load the software...)

Thanks... for the help and all the things I've learned from this group.