"Processing" DVD, as you say, can be a challenge - but the recommendation to stay away from that format for camcorders is due to the extreme compression required to store the video data to the disc. In this case, that compression results in poor image quality. "Delayed" processing does not makes sense to me. Many people get the DVD based camcorders because once the disc is nearly full (of 20 whole minutes of video), it id finalized and can be played back - no editing, so no "delay".
MiniDV tape does not compress, hence the lack of loss - and hence best image quality available to camcorders. To edit, the camcorder is connected to a computer using FireWire (do you have a FireWire port on your computer? If not, add one). the video import is real-time - that is, 45 minutes of video on a 1 hour tape will take 45 minutes to import). And that is if you are doing standard definition. High Definition takes a little longer - and depands on your computer's processor speed.
Are you in some sort of rush?
I use a miniDV tape based Sony and hav a great time using it...
Hi- We are purchasing a camcorder for the first time and our budget is $400 for the camera. Is the Mini DV format or the DVD format the best choice in this price range? I like the convenience of the DVD format, but have heard that the processing can be delayed in this type of camera. Please help!

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