What you want to do is not currently possible. Just because the physical connection is possible, doesn't mean what's flowing down the wire is automatically understood on the other end. (Like sending video down an RCA cable to the RCA audio input.)
However, if I understand FireWire correctly, if somebody had access to the specs on the Panny format, it should be technically possible to capture and "Transcode" that into a format that can be recognized on a computer. After all bits are bits, just gotta know what they mean. Ideally somebody should write a QuickTime codec that understands Panny HD/MPEG-2. Then you could edit, transfer, compress and burn to DVD to your heart's desire.
For the programmers of the world, the FireWire SDK is available here:http://developer.apple.com/hardware/...oper_Info.html
Somebody get busy!
D-ILA, HTPC, HDTV, Panamorph(?)
I want Buffy in HDTV!