I have been unable to capture both audio and video successfully with my Formac Studio and imovie 3. The audio is a totally garbled sputtering noise while the video is fine, no jerking. Playback of previously recorded projects from imovie 2 work. but some of them have some background static not evident with imovie 2. I am running imovie 2 and 3 from the same hard drive, with imovie 2 moved to a different folder, all in OS 10.2.3. I have tried many different sound settings, all with the same effect. I tried the alternative of importing a file into imovie 3 saved from the software video player which comes with the Formac. The sound is fine, but the picture is jerky. I exported the file to full quality non-compressed quicktime and the jerking is still there. The data rate is not too much for my G4 500 AGP, so I do not believe my processor is too slow. imovie 2 did not give me any problems like this, so I guess I will just not use 3. Len