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Confused over camcorders - Help Please!

I want to get a camcorder just to video family footage and events/holidays of the children growing up.

I've had a quick read of various websites but I'm completely bewildered as to the amount and variety of camcorders out there.

Sorry if this is a really stupid questions but...
I don't have a High Definition TV, so do I need to avoid HD cameras?

There seems to be a variety of movie formats out there.
Which is best for my needs. I want to transfer the footage off the camera and burn onto a standard DVD so that I can send copies to various relatives.

Thanks

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