I've used it exactly for this purpose.
Transferred from camcorder to the Pioneer DVR-530H, edited, transferred to DVD, put in my PC and converted for the web. The great thing about the Pioneer is that if you divide the film up on the Pioneer it becomes its own VOB file which you can then work on. I can't recommend the Pioneers enough for this type of work. The editing alone is so simple and extensive. Of course I have no experience of other products.
Some examples here on the Media page of my website and the DVD we sell was mastered on the Pioneer -
http://www.disturbinthepeace.co.uk