an HDR-HC1 - and I like it a lot - and I have computing horsepower to edit hidef... when the editing is done, and I burn a DVD, it downsamples to standard def. The next step is to output back to the camcorder onto tape because that is high-def (if it was recorded in hidef to begin with). Later, when I get an HD DVD or BluRay burner, I can re-import that finished project and export to HD DVD or BluRay - in the mean time, if I want to watch a project in hidef, I just connect my camcorder (using the component video and the stereo audio cables) to a HDTV... The camera has an option to record in hidef or standard def (16:9 or 4:3). Pretty much all the hi def camcorders can do this. It depends on the project on which format I choose.
Yes, I use "normal" miniDV tapes when recording in he definition and I do not use the "special" HD miniDV tapes.
The few things I don't like about my HDR-HC1 (similar issues - other than the XLR connections with the A1) I have learned to work around:
** The tape mechanism is a bottom loader, so when the camera is on a tripod, it can be a challenge.
** Use a "spacer" to lift the camera off the quick-release tripod mount.
** The HC1 is the consumer version so only a 1/8 inch mic-jack in - so I use a BeachTek DXA-6 XLR adapter (the A1 replaced the flash with an XLR adapter)
** I have a 2x tele adapter so I am not limited to the 10x zoom... and I have a 0.6x wide angle lens, so framing is OK in tight spaces.
** I am not real thrilled with the combo manual control ring - I can do either manual zoom or manual focus - but not both at the same time. I do like the camera - and for my learning, it was perfect - but I know now that either the Canon XH A1 or the Sony HVR V1 (or the HDR FX7 - consumer version) would be a great addition to my arsenal... and I would keep the HC1 to work with whatever new camera I (hopefully) get later this year. I guess the HVR Z1/HDR FX1 would make the short list, too, but their zoom is not as good as the V1/FX7...
Now that I have been in the hidef world, I don't know that I would go back to standard def. But if I did, it would be with something more like a Panasonic AG-DVX100 or Canon GL2, Canon XL2 or Sony DCR-VX2100... or one of the previously mentioned hidef cameras using theor standard def mode.