SVRT for AVCHD still doesn't work properly with latest patch 2429a. what a shame!
Cyberlink is aware of this issue from what others have posted, however 8 months later there's no fix.
It's NOT just that SVRT does NOT work for AVCHD, the AVCHD rendering quality (recoding, re-rendering) is really poor (artifacts,pixelation, etc).
Although I like PowerDirector's editing interface, the quality of the final video is the more important factor to me. This is the reason why I bought a HIGH DEFINITION camcorder.
I have a bad feeling about this, and unfortunately the time to get my money back has expired.