It allows you to capture and convert video from the an HDVcamera and edit in Final Cut Pro, Avid or any other editing system that supports Quicktime.
HDVxDV features real time audio and video preview of native HDV video and selectable 4:2:2 or 4:2:0 color upsampling.
You can export either drop-frame or non-drop frame timecode to export to Quicktime in the HDVxDV preferences.
In addition, the timecode is now displayed in the timeline. When a new Quicktime movie is created, the original camera's timecode will be preserved.