Panasonic HDC-TM700K is a new flagship consumer camcorder with high quality video and Dolby Digital AC3 5.1-channel surround sound. The videos could be recorded in 1080/60p (1920x1080 with 60 frames per second in progressive mode) or 1080/50p 28Mbps.
Toast 10 can help converting videos, burning CDs, DVDs and Blu-ray discs. Toast 10 is available at about 100 bucks, but with only 2 ch stereo output (no 5.1 option). Neither ClipWrap with the function to rewrap .mts, .m2t and .m2ts to QuickTime movie is available at $49.99. ClipWrap 2.0 does not provide 5.1 channel output, but there is a recent update to ClipWrap 2.2 on July 25, 2010 exporting 6 channel LPCM when rewrapping 5.1 sources. Nevertheless, it is does not maintain the original DD 5.1 audio. Aunsoft MTS/M2TS Converter for Mac is the right Panasonic
TM700 MTS to MOV converter for Mac users for converting 1080/60p 28Mbps to MOV with AC3 5.1-channel surround sound with pricing at $29.

Want to get Panasonic HDC-TM700 HD video compatible for Mac with AC3 5.1 surround sound? Just follow the steps below, and you can keep 5.1-channel surround sound when converting MTS to MOV on Mac Snow Leopard.
Step 1. Load Panasonic TM700 videos to Aunsoft MTS/M2TS Converter for Mac.
Connect Panasonic HDC-SD60 with iMac/MacBook Pro and transfer .mts files from camcorder memory card to Apple hard drive disk. Run Aunsoft MTS/M2TS Converter for Mac as the top-rated
Mac Panasonic TM700 AVCHD converter, and click the "Add" button to load .mts videos.
Step 2. Choose H.264 MOV format.
Click the "Format" option, and choose HD Video > H.264 HD Video(*.mov) as output format. The Mac Panasonic MTS converter will transcode 1080/60p to 1080/30p with H.264 as video codec, and AAC audio codec with 5.1-channel surround sound.

To maintain the original AC3 5.1 channels, just click the "Settings" button, and choose AC3 from the audio codec drop-down list. You can also change video bitrate, frame rate for video.
Step 3. Convert Panasonic HDC-TM700 MTS to MOV with 5.1-channel.
Click the convert button under the preview window, the Mac MTS to MOV converter will start the conversion from 1080/60p or 1080/50p
MTS to HD MOV with 5.1-channel surround sound immediately.
Tips:
1. In step 2, you can also choose other profiles under the HD Video group with include 5.1-channel output, e.g. H.264 HD Video(*.mov), MPEG-4 HD Video(*.mov), MPEG-TS HD Video(*.ts), MKV HD Video(*.mkv), and WMV HD(*.wmv). But the WMV HD profile would use WMAV3 as audio codec, instead AC3 or AAC.
2. After clicking the "Settings" button, you will face the 6 channels option, which represents the 5.1-channel surround sound.
3. If you are on Windows computer, just try the Windows
Panasonic TM700 AVCHD converter for 5.1 surround sound.