XDCAM-HD is only supported up to 35 Mbps, not in the 50 Mbps format. We hope it will come, but it just is not supported at the moment.
Thanks for your quick reply, hope it will come soon!
Yeah, it is a bummer when you shoot with a nice camera like the 700 and find the format is not yet supported.
MainConcept sells a fairly expensive PP plugin that supposedly will read the Sony XDCAM HD 422 50 mbps MXF files. I downloaded the demo, but I could never get it to work right, because according the MainConcept, it won't install correctly if you have both CS3 and CS4 components installed. Maybe your luck will be better: