Up to about 30 mins can be burnt to a DVD (double for a dual layer) of 1080i (1920 x 1080) at the bitrate used by most camcorders (average 17Mbps). If your camcorder has been set to record 1080p50 (assuming it can) then you can't even burn the footage to BD disc. All newer BD players will work with AVCHD (including the PS3).
AVCHD discs can be burnt using only free software
You don't mention an editor assuming you have one either
Edit a set of clips using a video editor and output as a 1080i avchd file.
You can use this file in tsmuxergui or add the first clip and then use the join option to add the others to the compilation window. Choose a file name and location click on the AVCHD option and then click on the start muxing option
tsMuxeR 1.10.6 - VideoHelp.com Downloads
Use IMGburn to burn the folders (BDMV and Certificate) produced to a DVD blank
The Official ImgBurn Website Burn AVCHD with ImgBurn - AfterDawn: Guides