That is why I suggested getting one - to get to the video you have. I am not aware of any "hi8/VHS tape converter", but there are Hi8/Digital8 decks (which are more expensive that the camcorder) at the Sony site.
I didn't think connecting a camcorder to a modern TV was that tough. In my house, I either find the AV plugs on the side of the TV or flip open the little door on the front of the TV and the AV plugs are there. I think it takes the same amount of effort/time to plug in the camcorder, turn it on, insert the tape and hit play as it does to turn on the DVD player, insert the disc, turn on the audio system and hit play using the menuing selection thing...
If you bought the Hi8 camcorder 10 years ago - and there is still available from Sony a cheap Hi8 camcorder - if you really wanted to play your tapes, you could. So your argument to say you "can't do anything with your Hi8 tapes isn't standing up - you can, very easily. You are unwilling to do so. I guess it is the same with miniDV tape - the thing is, while I agree that there may be less support of miniDV tape in the future, I think it will be around in ten years. Just like there is at least one new Hi8 camcorder and there are tapes available for it.
Regarding your "anything tape based is going to degrade"... true enough. The magnetic particles will change over time - but this is true of optical disc media too, so don't fool yourself. The dyes used in making the optical disc do what it does, can - and will - degrade over time, too. In the analog environment, I whole-heartedly agree and the degraded signal will be icky. Many of us lived through the analog VHS and audio cassette tape days. In the digital environment, I don't know that I agree so much - but let's take this a step further... 10 years ago, CDs were the best thing since vinyl and - oh my, vinyl was dead. From my vantage point, CDs are dead now. What makes you think that in 80 years there will be DVD players? So let's stay with a moderate 10 years in the future... BETA died 20 years ago... VHS is pretty much dead beginning 6 years ago - but you can still get machines that will playback those tapes. And you can get tapes too. Easily.
Since you have already convinced yourself of the need to archive to optical disc, you would be wise to understand what those discs are... this is a good start: http://adterrasperaspera.com/blog/2006/10/30/how-to-choose-cddvd-archival-media/ including some detail on those "special" discs.
This is also an interesting read: http://www.film-to-video.com/tutorial_page04.html
"And I assume the aforementioned "special" DVD that has more storage capacity ins't really a mainstream consumer kind of product, right?" A single layer, full sized, DVD can hold up to 4.7 gig of data - and when burned from your computer will allow you a little less than an hour. A double layer DVD is not a "special DVD" - and allows nearly 2 hours of standard definition video to be burned. Most DVD burners sold with computers in the last 2 years or so can handle double layer DVDs - but you should check what the capabilities are on yours before assuming what it can handle. Double layer DVDs are indeed "mainstream" and most DVD players can playback the DVD formatted (VOB) files. Double layer DVDs are typically what purchased or rental movie DVDs use since those movies and all the extras need more than the 4.7 gig of space found on single layer DVDs.
The "special" DVD I mentioned are those which use gold rather than silver in their storage media formulation. These can be played back in "regular" DVD players, too. Since you are so concerned about "future proofing", I would say that both single layer and double layer DVDs are also on their way out perhaps in favor of HD-DVD and/or BluRay DVD. These discs can hold up to 50 gig... and are readily available though a bit on the expensive side.
http://www.shopping.com/xGS-Blu_Ray_Burners~NS-1~linkin_id-8009706
http://www.shopping.com/xFS?KW=Blu+Ray+disc&CLT=SCH
The consumer HD-DVD burners have not quite made it to the US in mass quantities...
http://www.engadget.com/2007/01/05/toshiba-unveils-sd-h903a-hd-dvd-burner-for-pcs/
I suppose the definition of "mainstream consumer product" would be subjective - but this stuff is available to anyone who wants to buy today, so I suppose that qualifies.
Personally, I hope hard drive and DVD based camcorders go away. The fact that the built-in microphones are in such close proximity to the motors spinning those discs makes for unecessary potential background noise. Yes, miniDV tape transport can also be picked up, but I use external mics - so I don't need to deal with that. So what tips the scale in miniDV tape's favor? Superior video quality and long shelf life - so that earns my hard-earned $. Memory card based camcorders would be a whole lot better. No motor. You can get those now, but the memory card prices are still a bit high and their video quality is around that of the hard drive machines...
http://www.sonystyle.com/webapp/wcs/stores/servlet/CategoryDisplay?catalogId=10551&storeId=10151&langId=-1&categoryId=8198552921644498780
http://www2.panasonic.com/consumer-electronics/shop/Cameras-Camcorders/Camcorders/Hi-Def-Camcorders/model.HDC-SD5_11002_7000000000000005702
And we don't know what the shelf life is of the memory cards... but I guess I could back that digital video up to digital tape.
Ten years ago, you bought a camcorder that was the technology of the day.
If you buy a camcorder today, in ten years, it will most likely be "obsolete" regardless of the format you choose. If you look at the DVD and hard drive camera offerings from the manufacturers, they already "dominate" the market just in the pure product numbers. That does not mean they are the "best available quality"... we learned that with the BETA/VHS wars of 20 years ago.
You should get the best quality video you can afford. I use a miniDV based 1080i high definiton camcorder. When downsampled, it provides the clearest standard definition video available. Even though the 1080i video is downsampled to standard definition when I burn a DVD in my computer, it is clearer than when I shoot in standard definiton and burn to standard definition DVD. Because I also output the hidef footage back out to the camcorder, when I decide I want a HD-DVD or BluRay burner I will have hidef source video to burn on them. But I will always have that miniDV tape archive.
If DVD camcorders worked consistantly, I'd say go for it, but there are too many posts on this forum from people who have problems - finalize or not; can't play; poor source for editing in a computer... If you get a hard drive based camcorder, don't get the cheapest one... expect to spend at least $700-$800. But my recommendation still stands - for best video quality AND archival, miniDV tape is the preferred option... and no one coming through this thread has refuted that.
By the way, technology is ALWAYS in transition.