Panasonic AG-HPX500 workflow with FC - pros and cons?

We are now shooting on Betacam SP, capturing to DV using a DSR-45P DVCAM deck.
We edit in FCP 5.
Now we are about to first upgrade our computers to MacBook Pro and Mac Pro and FCS 6.
Next step is a new camcorder.
We have been recommended to take a look at Panasonic AG-HPX500, which uses the P2 card.
Have anyone of you excellent forum members started working with this camcorder?
I understand that FCS 6 does have native support for the P2 card and if you have a MacBook Pro, you can plug the P2 card into the computer and copy the footage you want to use to a hard drive (or even edit directly on the P2 card).
I'd be very glad if you'd share your opinions.
We have this idea to start shooting and editing in HD and then downconvert to SD when creating the MPEG-2 for a SD DVD as output format. This would hopefully give the best quality to our MPEG-2 encoder.

I've been using the P2 system for about 7 months and have to say it's great!
I'm not sure what you mean about it not having native support in FCP. FCP 6 has all you need to get your material in and work with it using the Log and Transfer system within the app.
I use a P2 reader to get the material in, and yes you can use a laptop but only the Powerbok type, the newer MacBook Pro's have the smaller PCMCIA slot so you can't transfer without a P2 viewer or reader. The good thing about the reader is it has 6 slots so you can just setup your transfers and then go away for a bite, come back and it's all done, rather than swapping cards etc.
All in all a great workflow. The only problem I have experienced is a couple of cards I had became corrupted, although they played fine in the camera. I was able to record off the material via HD SDI and save it, it just wouldn't show up in the reader/viewer.
The flexibility of the P2 system in terms of shooting formats, under and over cranking etc is fantastic, very much another step towards achieving filmic quality with digital equipment.
I don't know if there are any real benefits to be had by shooting in HD and resolving down to SD. You'll end up just loosing a lot of frame info in the transfer and you'd be hard pushed to see any discernable difference between good quality SD and the route you propose.
Having said that, investing in HD is a good move as will only get more widespread and lets hope that the formats calm down a bit!

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