Hi all,
I have just registered to this forum after reading posts for days, looking for a solution to my problems dealing with AVCHD files.
Even if not everything has been completely solved yet, I have to say that well, having some patience it is possible to work with AVCHD files also on an old, weak PC like mine! Smart Proxy was the reason why I choose Corel, and I have to say it works very well...of course with my PC clips do not play smooth, but smooth enough to be able to cut unwanted parts and to have a reasonable preview of the expected output.
I am also able to render to AVCHD format, sure it takes time but I can have the pc rendering while I do something else

As you already said of course, I cannot watch my videos on the PC, but I have a media player (Mede8er) able to play almost everything, so once the video has been rendered I can enjoy it on my TV...Waiting for some budget for a new PC, I can still produce HD video of my travels!
Ok, now I will move to another post looking for possible solution to my last still open AVCHD issue...