Trying to import FX-1 footage (HDV 1080i, 29.97 fps). With the *.m2t extension. Anyway, it imports with a wrong aspect ratio and rendering is slooow. Any ideas of a good workflow, maybe converting the .m2t footage into something else?
Yes, convert. CS2 uses your system CoDecs (basically Windows Media core framework) which is slow as hog. Only CS3/ CS4 use their own routines (MediaCore) which considerably accelerates working with MPEG derivatives.