Lumiere HD - Edit HDV on Final Cut Pro - Complete Workflow: "Recommended Lumiere HD Workflow
The following workflow will insure a smooth and streamlined process when capturing, editing and printing HDV back to tape with Lumiere HD. It will also allow you to edit your HDV footage in real-time without rendering the Final Cut Pro timeline everytime you make a cut! You will be able to enjoy your creative freedom while editing HD content on a DV workstation. (This workflow is also compatible with any HD codec such as Apple's HDVCPRO HD codec)
Finally, you will encode your masterpiece into a format readable by HDV devices without ever compromising the original quality of your High Definition footage."