Macs can read SD cards, so no driver required. Same as with P2 cards.
This camera uses AVCHD, so it's already populated by default in the FCP7 Log & Transfer.
Panasonic white paper here:
ftp://ftp.panasonic.com/pub/panasonic/Drivers/PBTS/papers/Editing%20AVCHD%20with%20Final%20Cut%20Pro%207.pdf
I prefer ProRes 422. But I'll use LT for some projects. Or Proxy for offline/online.