I finally got it!
As promised i will open a thread for all owners of such cams to exchange their experiences.
I never wrote a full review until now, so my findings will be short and to the point

If anyone wants info about this camera, feel free to ask...i'll do my best to find time/test and answer back.
First impressions:
The camera is really well built, lays nicely in the hand probably due to the HDD enclosure. It feels better in the hand than a Panasonic SD9 for example. Built quality is good, feels solid...some may be put off by the "cheap" plastic caps for various jacks. The supplied battery BP807(?) was fully laden in ~2hrs.
Usage:
The HG20 turns on really fast, i would say in less than 2 seconds you are ready to shoot. There is no noise from the zoom rocker (as i read in some online review), the HDD is also very quiet. The LCD screen is big enough, the viewing angle and brightness probably not top of the line, but doesn't affect the job it's there for.
The menu system is very nice, the only downside of the whole thing in my opinion is the joystick. It moves well in all 4 directions, but when you press it...well...it's strange

Sounds and feels almost archaic. No menu lag was noticed.
Video/Stills can be recorded to SD and HDD, selectable from the menu. A 2GB Class4 card holds 15min of FXP (17mbps) video...it's nice how the "Card Info" menu item identifies the SD card class and shows free space...progress bars are nicely animated, green Aqua-like.
Testing
Managed to shoot some clips in all modes (24p, 30p and 60i - i have the US model) and watched them on PC/CRT TV. No issues when watching 60i material on a PAL CRT, via a PS3. Just copied over the MTS file to an USB stick, plugged it into the PS3 (40GB), selected "Display All" and they played fine.
I haven't been able to test in optimal light conditions, partly because it's cloudy all the time

but i noticed 24p and 30p modes are brighter than 60i. Haven't played much with the manual exposure and shutter settings yet...there's definately room for improvement. The cine mode has the lowest noise in dark environments though...
Frankly there is so much more to test around, i fiddled with it few times, tried all settings and basically forgot what i did and where i started

Definately need more structure for future reviews
Still quality is not top of the line, the images are way worse than my Canon Ixus 800 IS...lots of noise in dark areas and the reds are almost taking over when using the flash. For a quick snapshot now and then it's good enough though. You can take pictures while filming, but not at full resolution.
Another nice feature is the quickstart/off mode which gets enabled when you close the LCD w/o turning the camera off. Kind of standby mode, much faster than a "cold start". This standby time is also selectable from the menus.
Hmm, any ideas for something I should test in particular?
Btw, battery life is around 1:20h, accurate to the minute indeed due to (original

) Canon intelligent batteries.
I will post a bit later on with impressions (oh yea, already have some major ones) of editing these MTS monsters on my dualcore machine
PS - Imagemixer 3SE v3 was bundled, supposedly not compatible with Vista x64. Nevertheless i installed it and got 2 bluescreens after the installation. Rebooted, everything fine now. Problem is:
- Imageviewer cannot open the MTS files, says format not supported

- cannot uninstall this d!@# software anymore!
Edit:
let me add some useful links related to this camera:
http://www.usa.canon.com/consumer/co...&modelid=17382 http://www.camcorderinfo.com/content...iew-35510.htm# http://reviews.washingtonpost.com/pr...Canon/HG20.htm http://www.trustedreviews.com/camcor.../Canon-HG20/p1 http://www.vimeo.com/videos/search:hg21
(HF11, HG20 and HG21 have the same opticals, AVCHD bitrates and performance...only storage medium differs)
http://www.reviewzine.com/canon-hg20...g-user-manual/
Forgot the most important thing: I am VERY happy with the camera, thrilled to test it out more and more...last, but not least, to learn about all its features to help me get the best video in a particular situation!