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I know this is an old thread, but Vegas Pro 9 is out; there seems to be the usual share of bugs that you have when you release a new software package. AVCHD handling is poor. At this point I kind of regret going down this Vegas Pro road; even Vegas Movie Studio Platinum 9 handles AVCHD better. I have little problems with it in Pinnacle Studio; but it is very limiting as you only have one title track an overlay track and a video track. I upgraded my computer and was trying to get away from transcoding AVCHD files, but it looks like the only way I’ll be doing much with these files in Vegas Pro 9 right now is if I do that until it handles that file format better.