Panasonic SD60 HD Camcorder with iMovie 11?

I just recently bought a Macbook Pro and started using iMovie 11.  I now want to upgrade to a reasonably priced, easy to use, good camcorder.  I'm looking at a
Panasonic SD60 HD Camcorder
I would love to hear from someone who has this camcorder.  Is it compatible with iMovie 11? (It is not currently on their list of supported camcorders) .  Is this a good HD camcorder for recording family trips, kids activities, etc.?  Is there a better camcorder out there for $300 or under? 
Any advice is greatly appreciated. 

Look at HDV (high def tape) camcorders. They will work with iMovie HD or HD6, but you would also need Toast and a Blu ray DVD burner in order to get a HD DVD.
Does your present miniDV allow you to shoot 16:9 and 4:3? I have found the 16:9 SD video from my camcorder plays beautifully on my HD plasma TV after upscaling in my Blu ray player.
Look at HDV cams here:
http://www.camcorderinfo.com/

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