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Personally I would never recommend getting a DVD camcorder. IMO they cost too much, are too big and the recordable disks cost too much and are difficault to get hold of. Also you only get around 20 minutes at reasonable quality on a disk.
Why not get a DV camcorder, PAL or NTSC, and then edit on a PC and burn to DVD. The quality will be a lot better and you can edit a lot easier than from a DVD.
As you say most DVD players/TV's in Europe can replay any NTSC source, but if going to the USA you will find very few will be able to replay PAL there. But for around £50 you can get software to convert from one to the other with only a slight drop in quality.
Mark.
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