Which video camera is mac compatible and suitable to record professional quality tutorials to be views on the internet?

Background: I want to make proffesional quality video tutorials to be accessed by other internet users. They will be filmed from a static overhead position. My budget is £400 but if I can get a camera for less that would be great. I have done my best to research which camera to buy and I am stuck (mainly because I have no knowledge of this field) with a few issues.
I thought I had found a suitable camera - Panasonic HCV-700 but I have identified a couple of issues surrounding Mac compatibility.
I would really appreciate any experience or advice you can give me.
I will be using imovie to edit my video and will probably add the sound after editing.
I understand this camera can film in iframe and that that makes it easily downloaded to imovie to edit. If I do this will the quaility be high enough to be viewed on a PC or Mac - or other smaller devices? I understand from what I have read iframe is not HD but is higher than SD.
Or is it better to film in another format (which as I understand it will need to have something done to it to be editable in imovie (not sure what or how much time it will add to the process of producing a video)
I think my question's are:
Is the camera above suitable for my needs as a Mac user - to produce proffesional quality tutorials?
If it is not - what do you suggest?
If it is which format should I film in to record videos for internet viewing?
If it is not iframe then do I need other software to be able to edit in imovie?
How much extra time do you think this will add to production times?
Any help or advice would be much appreciated - I am starting to tear my hair out trying to research this!

Here is the page with compatible cameras and other info. For less than $100 you can get personalized lessons on the Apple Software and how to accomplish much of what you want to do. It appears that you are starting a new endeavor and facing a steep learning curve.
http://support.apple.com/kb/index?page=search&src=support_site.home.search_sugge sted.search&locale=en_US&q=compatible%20camcorders

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