Yes, despite not being on Apple's "iMovie compatibilty" list, it works.
It works as expected without any drama. My sister has that camera and uses iMovie on her iMac for school. The only problem she has is not being able to do analog pass-through from a VCR or broadcast source to the camcorder and to the mac via firewire. Why not? Probably because she's a moron and not doing it right. I bet I could make it work.
Anyhow, it captures footage recorded on mini-DV tape via iMovie import. Neat little camera. Bluetooth feature is useless methinks but the video quality kicks butt.