Yes it is, with iMovie 11. The camera allows you to record in two modes, iFrame and 1080/60 AVCHD. iMovie will only accept recordings in iFrame. You don't need a firewire cable but just the USB cable that comes with the video camera. To get around recording in AVCHD, I have Adobe Premier Elements for Mac, which I prefer over iMovie. Transfers 1080/60 AVCHD recordings without any problems.