WORKED GREAT! I used it to convert a Flash video to QuickTime and it worked seemlessly.
Smart Converter works quickly and smoothly. The only thing I would change is, I would allow batch processing. I have a folder of 100 MTS files I need to convert to MOV files. I have to do them one at a time. So far, its only taking seconds per clip, but the clips are only a few minutes a piece. mostly b-roll and short interviews. There is a pro version, that may allow batch processing. I havent checked into that.
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Smart Converter