the powerpoint import tab will import your powerpoint as a series of separate screens, and will add all of the powerpoint components to the library for re-use elsewhwere, but it loses powerpoint animations and transitions. The idea of this function was for you to import the powerpoint content and then transform it into a more interactive course by editing and inserting additional screens.
If you want to retain those Powerpoint effects and keep it as a presentation, you need to convert the powerpoint to a Flash movie, which you can do with any one of dozens of powerpoint to flash converters on the market. A good one that is free is ispring from http://www.ispringsolutions.com/
You can then put the resulting flash presentation into any of the templates, most likely the full screen media template in the "basic" screens.