Need for new Camera?

I currently have a Sony Digital Handycam (DCR-TRV140) that i like, and has worked well for what i've wanted (home movies, etc). However, the camera is 6 years old and i'm wondering how outdated the technology is and if i should get a new camera? We're expecting more video opportunities and wonder if we should upgrade our camera?
any help or recommendations is appreciated.

I vote for waiting (unless you have a pressing need).
Sooner or later, HD will take hold. Right now you have HDV whose future may be in question because of AVCHD. Now AVCHD on paper is superior, but HDV has had time to mature and tends to be easier to work with right now than AVCHD. This will change probably sooner rather than later. And, as time goes, the price of flash media that AVCHD records to will continue to fall; or rather the price remains the same but capacity increases! And another reason for holding off for now is that AVCHD requires a LOT of horsepower to play around with.
Mike

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