To try and avoid getting flamed by one or two other members here I wont go into details as to why you should avoid DVD camcorders, but instead suggest you do a search of this forum for the many reasons from many other members!
After reading about the pros & cons of DVD camcorders you may still find that they offer what you want, but at least you will know the down sides to them! I'm not saying you should avoid them at all costs, but I believe there is better to be had, and often for less money.
Mark.