I recently bought a Toshiba Camileo H20 cam, which to my needs is quite sufficient. It can record in 1080p and 720p, both with 30fps (29.97fps to be excact). The videos are stored in Quicktime MOV container format, but that's no problem. I recorded some 720p videos, since the H20 has an image stabilizer which only works in 720p, not in 1080p. Also I thought that resolution quite sufficient.
After trying out various NLEs (Pinnacle, Sony Vegas, MAGIX), I decided to go with VS12, since I find the Editor most intuitive to use (though it has some flaws). Now I face the problem like many others do, too, I'm not able to export as AVCHD 720p, though I tried various tricks, remuxed the videos as MP4 or M2TS for editing etc.
But I was not able to reproduce Ken's recommendation to generate an AVCHD 720p template in Template Manager based on a 720p30 M2TS. The "Add" function DOES accept the file, but the resulting template (I did not try to edit it!) strangely always shows MPEG2 720x480 or something like that
I think AVCHD (Lite) 720p30 has become a quite accepted "standard", AFAIK it is used by HDTV as well as it's a prefered format i.e. by Vimeo and other HD video sites.
Right now my temporary solution/workaround is to export to AVI using the x264 codec. The audio still needs to be converted to AAC since I was not able to generate AAC audio directly. Finally I just had to demux the H.264 video from the AVI and mux the .264 and .aac file using YAMB to get a valid MP4 file for sharing online. Yet that is NOT a final solution, since my goal is to create an AVCHD disc with menus.
I'm not willing to switch to Pinnacle or Vegas, so I (like many others) hope there will be a patch released soon, which enables VS12 to export to AVCHD 720p30 format. Well... and of course the "blip" bug has to be fixed also, though I did not try wether this happens to me as well.
Are there any new insights, if and when a patch will be available?
