Just wonder have you made decision yet? I am on the same boat but don't know which one is better. I had a Sony Hi-8 and really love its video quality and its easy to use. This time I am considered buying the one which has both video recording and capture a still image at the same time. So, I don't have to carry both camcorder and digital camera. Since the Sony DCH-HC 42 only has 1Meg still image while Canon Optura 400 has upto 2Meg. I don't know how good both of these camcorder can capture a still image. Optura 400/500 price is higher but now Canon offers rebate before they discontinue this optura models.
Looking for advice/opinions on which of these 4 models I should purchase. I am looking for small, high quality camcaroder with decent indoor low-light performance, easy to use, minimal motor noise, and solid reliablity. It will most often be used in "point and shoot" mode. I desire analog to digital conversion capability. Looking to spend between $450 and $750 on a small quality unit. Expereince and advice is most appreciated

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