The new AG-HMC41EU handheld camera, compact and lightweight at 0.98kg, is a versatile HD camcorder offering high-quality AVCHD recordings, high-resolution still photo capture, an easy-to-use SD card workflow, and professional audio capabilities for a wide range of applications and markets. Starting September 2009, the camera will start shipping to Asia Pacific region, bundled with Edius Neo 2 Video Editing Software …

This application software transforms AVCHD clips recorded by Panasonic camera such as AVCCAM into P2 DVCPRO HD format.  This enables users to edit the clips on non-linear editors which do not support AVCHD but P2 DVCPRO HD.
AVCHD to P2 DVCPRO HD Transcoder software
Available formats
1080i59.94, 1080i50 and the following HD format that AG-HMC150 series cameras …

“.MTS” files are AVCHD video clips.
 
“AVCHD is a high-definition digital video format that supports 1080i and 720p with a reasonably small file size. AVCHD files are based on the MPEG4 CODEC. AVCHD video files can be burned to Blu-ray discs and played in compatible devices, such as Blu-ray disc players and the Sony PlayStation3. Various video programs can edit or convert this …