I needed to change my SD project to HD and because of the "fit" feature for the photos it changed over like a champ! (I duplicated the project so I can still use the SD if I need too.)
Also, I have a question.
When I have a bunch of photos in my event library, how can I mass select the photos and bring them down to the timeline? What I end up doing is clicking a bunch of photos and then bring them down and then I hit control+D and change the length and manually move each photo back into order.