It might be better to Create a thread asking what software people use to edit their mpeg2 files from SD HDD camcorders
PMB is ...
I know the above poster is trying to be helpful help but is Adobe Premiere really the "best" ??
It is one of the "industry standard" costly and very newbee unfriendly
Final Cut Pro is very good but Mac Only. Im sure FC express or even imovie08 should do it
Avid Xpress Pro is also Very good but complicated and probably cost way more than the camcorder itself
The one thing all these have is cost and complexity that may be OTT for the purposes of simple editing from mpeg2 files from a modest SD HDD camcorder
Im not sure what a *.modd file is but I imagine it is not the video file,
It seem more like an information file in which the camcorder uses to name and locate its clipa but you dont need for editing