Whats the best Hi Def video camera right now

I am looking at the Cannon HV20 and the Panansonic HDC-SD1. Does anyone have any opinions?

I have to disagree. Go with the Panasonic.
The quality of the lens glass is better. Absolutely. Good glass is critical and Panasonic has that better than anyone else. They hold focus and clarity trhought the zoom better than all competitor's. Canon lenses are not a strong point. Sony would be second best.
I also like the 3CCD tech save for the bigger CMOS sensors. I find its colours more true and the light cast quite even across the frame at all zoom steps.
If you were talking pro level production stuff, then yes, the Canon. They put a huge effort into being top dog at those price points. But you're not looking that that level of product. Canon rides its rep too far into the lower end of the market and if you look at the actual component quality it doesn't always measure up. The Panasonic PV-GS150/240 and especially the 400 proved that other companies than Sony and Canon could make excellent, if not superior products.
I would agree that one should stick to DV tapes or if looking to the new go for SD. DD cams and probably HDD cams are interim solutions in the overall market as tape (for durability and as a proven medium across the industry) and SD cards (entrenched, increasingly affordable, and versatile) are the technologies with legs.

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