Will The Sanyo VPC-FH1 HD Be Compatible with Final Cut Pro And Final Cut Express?

I bought a Flip Mino HD and when I tried to import the .MP4 footage into Final Cut Express, it didn't even recognize that the footage was HD. I eventually figured out a way to allow the Flip Footage to be imported in HD. but as soon as I drag it onto the timeline, IT HAS TO RENDER!!!! i have to render the footage every time I make an adjustment to it. Anyways... i am looking into the Sanyo VPC-FH1 HD as a new camera. I want to know if it is compadable with Final Cut Pro and Final Cut Express. I dont want to have to render it EVERY time i add an effect to the footage. My I see video tutorials for FCP and they dont have to render their footage every time they edit. Is The Sanyo VPC-FH1 HD compadable????