Exact same problem with the most recent version which claims to be compatible with the most current Mac OSX. Once I connected my camera, all I get is the rainbow wheel. This ****** - Apple makes it very difficult to not upgrade the OS when there is a new version, so of course ALL of my Macs are on the most recent version and I'm screwed trying to get to my videos? I know Apple provides ample lead time for developers to update software for their OS before releasing it... so this is unexcusable. If you are going to require a special client application to deal with the media, then you are obligated to keep it current. Otherwise, just support an open standard and I'll use whatever I have at hand.
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