A few more things to be aware of
When you record to tape in standard definition
You can capture to your PCs HDD and end up with DVD video
or indeed any file format you like
You can also return your edit to tape for archiving
When you record to tape for High definition: you can capture to your PC as SD and use as above ( the camcorder will downconvert "on the fly") or you can capture to PC as high def , edit as such and....
Return to tape as HDD
View the high def clips as Hi def on the PC ..or your HDTV via
an
HTPC
Capable wired or wireness Network media Player
PS3
Xbox 360 streamed or via the HD DVD add on
HD DVD player
You cannot make a HiDef "DVD" equivalent.. yet although mini HD DVD can be made with suitable software from normal dvd-r discs
This also applies to Hidef on HDD (AVCHD). Apart from Marks post another thing to note about AVCHD is that PC editors do not output back to AVCHD.. yet
However WMV-HD and m2t ( mpeg2 high definition transport stream which are HDV native files) as well as AVCHD can be played off the consoles
WMV for xbox 360 and the others by PS3
There is also Divx-HD but im not sure quite where tht fits in playback formats
Also recordable BluRay or HD DVD are still yet to become commonplace so for now represent an aspiration
Recording SD to HDD is a doddle ; Good one can result in tapeless pleasure with the benefits of quick transfer to PC and maybe no need for any mpeg2 encoding for DVD creation
You generally cannot return AVCHD to camcorder if it has been edited as it cannot be output as AVCHD
Even where it can be output .. with say imovie 08 for the Mac.. it is not returnable for viewing on the camcorder
Hope this helps with your choices and what to expect from them, suffice to say that Hi Def, whether from tape or HDD will look great on your HDTV. In fact I dare you not to go "wow"!! the first time you see it