It looks like it must be captured, as this upcoming FCP plugin supposedly makes it readable and generates timecode based on the timestamp for the clip start:

Canon D-SLR Log & Transfer Plugin for Final Cut Pro DV Info Net

Merged the "How can I find EXIF data in clips" threrad with the GlueTools thread.

Hi Chris,

Our Canon DSLR package includes a panel which will let people view the EXIF metadata that is embedded into the FCP XML.

Attached is a link, which shows some screengrabs.
Glue Tools - Discussion Forum: FAQ => Canon DSLR Release Information

Cheers!

bob.

I wonder how does this differ between rough cutting in fcp natively, pulling the timeline into compressor, then bringing it back in?

If anything, it seems like this would work the same as importing AVCHD footage ala HMC150?

*Edit* replied to an old version of the thread. took an hour and a half to get to it so post above was made after I hit reply.

So it does look like the L&T per AVCHD. Does the scrub work just as well?

The EXIF data is in the JPEG thumbnail file with the same number as the associated MVI file. The file contains the EXIF files for the initial frame. There are a variety of programs to read out this data, including just about every image editing file (although some provide more complete data than others).

Spectacular Development
 

This is a spectacular development for editors. It means that in addition to importing and converting the QT clips into Prores...it is simultaneously giving each clip a Source Name and Timecode stamp...AND generating a disk image. This allows the EDL to know the source (like with video tapes with library numbers) and a specific tc address. You can burn the disk image to a DVD or Blu-ray and stick it in your library. When the client comes back in 6 months to update the spot....you can rebuild the timeline with confidence...I have been waiting for this with baited breath! Good job Gluers!

The crucial information for me in the posting in the Glue Tools forum that Robert linked to is this Obviously I would have preferred it to be $50 but that is a fair price & I will be first in line to order.

I would prefer that it was out already myself!

Price point
 

I really hope that the price point is as expected. I will for sure buy this immediately upon release if it's so. The integrated convenience factor is huge for me.

No updates at all. :/

They must be in some hot and heavy talks with Canon to be putting off the release or not even give updates on it.

Anyone from Gluetools would be nice enough to give us an update? Would really like to have this plug in already :).

I would hazard a guess that talks with Canons lawyers have bogged progress down.
That and they recently released updates of their FCP plugs for other formats.

Just checked their site...its down...maybe a good sign indicating the addition of new stuff.

A couple of weeks ago I wrote & asked them if I could pre-order & got this reply:-

Canon is in the process of buying the plugin
 

I just called Glue Tools, and I was told that Canon is buying the plugin, but no details or dates were given.

It will be interesting to see if this transaction ties up the software so long that someone else comes out with another product.

Final Cut 7
 

This latest Final Cut (just came out) is already rumored to ingest 5D footage smoothly

MPEG Streamclip
 

I'm curious for those using MPEG Streamclip to convert their Mark II footage, what codec and settings are you using? I want to maintain quality but not use up insane amount of hard drive space. And this needs to work with FCS 2 - not the newly announced version.

Thanks in advance,
Dan