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Welcome to the forum.
In CS5, there is a neat new feature - the New icon (at the bottom of the Project Panel) will create a New Sequence to match your source footage. Just drag one of your AVCHD files to that New icon, and let it determine the exact setup for a New Sequence.
Cannot help with YouTube, but others (Ann Bens, are you around?) will be glad to offer tips and suggestions.
Thank you Ann and Hunt! Your tips really helped me.
One caveat on the 'new sequence drop spot...
It will sometimes make a "desktop" sequence. I'd check the sequence settings once you've made the new sequence and make sure it says "AVCHD" and not 'desktop'.
(Though I don't know if there is any real performance difference...I haven't seen anything obvoius.)
Just did a test: when dranging a 50i clip the editing mode turns to AVCHD.
If its a 50p clip editing mode will turn to Desktop.
I think it turns to desktop when footage does not matches up to the installed presets.
I need to get back in front of my machine...
I have found that some DSLR clips do the same, but I was thinking there WAS a preset and it just didn't use it for some reason.
Thanks for doing that test Ann...this is something I've been wondering about.