Hi,
I don't get this:
I can import through AMA P2 projects. I have to link both video and audio MXF that are located in separate folders.
but I don't get this: it would edit P2 natively in 720p
or in 1080 converted to DNxHD

The original footage being 1080 I don't get why AMA is considering it's nativeness as 720 but then get the full resolution using DNxHD ?
There is something I'm obviously missing here...
Ok, and even more weired and oscur: both material, the 720p P2 and 1080 DNxHD are absolutly identical in terms of quality...
Have you ever worked with P2 material in Media Composer?