Thanks Lew and Igor, since I had it,  I just tried to use Cucusofts media converter and although it converted to MPEG2, the video in Liquid looked like mush.  I don't think I want to go there especially when I took the flash stick and tried it in my daughters Mac book with iMovie and of course it worked flawlessly.

What HD format does Liquid edit with without any conversion?  I am currently shooting with a PD170 and its been great with Liquid.  But I really want to move to a tapeless solution.  What is the best low light (comparable to the PD170 (low light and XLR)) tapeless cameras that ENG/Wedding videographers folks are using?