I've just bought a Sanyo VPC-CG10 camcorder which saves clips as MPEG-4 (specifically, High-Definition 720p MPEG-4 AVC/H.246)
I want a simple, cheap way to edit the clips and as, I'm using Windows Vista, I though Windows Movie Maker would be a good choice. But you can't import mp4 files into Windows Movie Maker. I've tried various codecs, but I'm not sure what is the best format to convert to, so that I can edit the files in Windows Movie Maker. AVI, MPG, WMI... I'm not sure what format is best.
Should I try to keep the movie clips in MPEG-4 and edit them in that format (and then which editor do I use?) or is there a better format that I should convert to before editing (and what format is that?) ?