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As already mentioned a VCD has a much lower quality than DVD, which is also lower than the footage on a DV tape. A SVCD should get quality fairly close to that of a DVD, but you will only get around 15 minutes of video onto the CD so not ideal. Add to that the fact that many DVD players wont play SVCD discs.
If you want to create discs to watch on a TV then I would recommend getting yourself a DVD recorder for the PC as they can be bought now for around £30 and the blank discs are well under £1 each. This is the only real way to do the footage you have justice.
As long as you capture the video via firewire as an .AVI file then there will be no loss of quality at this stage. A good DVD authoring program will be able to give you very good results from the .AVI files that should look almost as good as the origional DV footage played direct from the camcorder - even on a large PJ screen etc.
Mark.
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Lexicon MC-8B. L/C/R: Blue Sky 6.5's, SL/SR/SBL/SBR: Blue Sky 5's, Sub: Velodyne DD-15
Panasonic NV-HS830, VTX-D800U via TiVo, Arcam DV29 & Sony BDP-S500 > Lumagen VisionHDP > Panasonic TH-46PZ85B. Marantz RC9200
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