I made 2 sample clips to use for learning purposes. I made sure that both cameras had their internal clocks matching as close as possible. When I select these clips and go to Tools -->Multicam ---> Lay out tracks using media timecode, I get the following error: "Some media do not have valid timecode and were skipped".
I'm using my Sony HDR-SR11 in HD mode and my wife's Fuji S9000 in movie mode (standard video). Not sure if the variance in equipment made the "not valid timecode" error appear or not, but just to be sure, I took my Sony HD clip, renamed a copy of it, and tried it use, for example, Sonyclip1 and Sonyclip2 (both clips being identical). I still got the error.
Any thoughts? Thanks in advance.