The EOS Movie Plugin-E1 for Final Cut Pro adds an option to the FCP Log and Transfer tool to import Canon 1D, 5D Mark II and 7D H.264 Quicktime files and transcode to any of the ProRes flavors (or Apple Intermediate Codec) in the process. A timecode is assigned to the footage based on the time stamp set in your camera and a reel names is also assigned. There’s also an option to archive the footage when loading directly off a CF card.