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This software cuts and joins MTS files from a camcorder and outputs an MTS file with the same characteristics (fps, Mbps) and does it very quickly. Some reviewers here found artifacts in the joins like I first did. Turning on the Whole GOP option fixes that (it is not the default setting). The user interface is NOT intuitive. It took me a good 10 minutes to work out how to slice and dice, and assemble a final file. After that, it is actually quite easy. The help file needs a re-write at Step 7 because it just doesn't make sense. I have since rewritten that step for myself in case I ever forget in future. This software saved me when I recently had to assemble a high quality MTS file from various camcorder footage. I have tried over a dozen products that don't do it this as well, or don't do this at all. Not even Premier Elements produces a better result. This was $49 well spent.
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