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edit in other than AVI

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  • edit in other than AVI

    I just recently updated my system to 5.51. It seems that I no longer have to work with huge AVI files. Can I edit using the files I import in without converting them? My cameras are Panasonic HMC150 using SD cards giving me AVCHD files. Is the quality just as good as with AVI? Or, is it best to convert these files to another format? Any suggestions on the best file formats to edit from is appreciated. Mostly wedding and event videography indoors.
    Edius 7.5. Windows 7 Home Premium 64Bit. Nvidia G Force 9400GT - 1 GB Video Memory. 8GB RAM. Direct X10. Intel CPU-DP35DP-Quad Core Intel64Family6Model23 Stepping10(2009build). Max Clock Speed 2666MHz. 1-240GB Sandisk SSD UltraII. 1-1TB - Seagate HardDrive ST310000333AS ATA. 1-2TB Seagate HD STBD2000101. 2-Panasonic AG HMC150 cameras.