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Originally Posted by CoSzaro17
HD is definitely something good.
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Agreed. Stretch your budget to £550 and you will get a very good HD camcorder. As Rhubarbe has said, prices will probably drop by Christmas (or at least, you will get better camcorders for the same money as now). There is no point buying SD today, even if you don't (yet) have a HD TV.
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If you want to be able to edit it, go for a camcorder with a Hard Disk Drive(HDD)
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I'm not sure why the media should make a difference to editing. For example, both flash memory and HDD camcorders use the AVCHD format. The only real advantage with a HDD camcorder is the amount of video it will record.
Be aware that if you do want to edit AVCHD, you will need a high-powered PC. Even if you just want to playback, you need to think about how you are going to do that with HD video, as well as storage.
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If you just want to record it and play it, maybe look at DVD.
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Personally I would avoid DVD camcorders like the plague because a) I just don't trust them to not, every once in a while, get fussy with a particular disc and loose footage etc. b) the picture quality of AVCHD and HDV camcorders is better and c) DVD camcorders will probably have died out in a few years as flash-memory camcorders become the consumer norm.