HDV comes in 2 forms: 1080i(supported by all HDV camcorders) and 720P(supported by Panasonic,Canon and JVC). 1080i is the resolution leader but being interlaced, the picture on a noninterlaced screen like LCD, Plasma and CRT monitors is not as good as 720P. Broadcast networks have thrown in on both sides but all TVs should support both. With higher resolution, a crisper native 16:9 look compared to DV, why would anyone buy DV again?
Well the benefits are advertised but the downsides are many too. Using CMOS sensors, the low light ability of the HDV cameras are 0.5 to 1.5 stops less sensitive than their CCD DV counterparts. Comparing the PD170, the venerable "big daddy" of low light performance, the Z1 looks to be 1 to 1.5 stops less sensitive. I will have definitive numbers soon once my friend gets his IMATEST gear going.
HDV is very highly compressed. As such the probability of dropouts and artifacting occurring is a bit higher than DV. Due to the compression, quick pans soften the image and create artifacting, something even the Z1 does.
The biggest drawback of HDV at the moment is output. Normal DVDs cannot play HD signals. The only players available right now to play HDV are the Sony HVR-M10 and the camera itself using the miniDV tapes. The other format is the D-VHS tape from JVC. This limits the number of options available to share your video.
2005 will be the first year (by xmas) to debut the HD DVD movies supported by Toshiba and NEC. You will have to buy a new DVD player which supports HD DVDs to watch them. Sony's Blu Ray will be supported by players and of course the PlayStation 3.
So where does that leave consumers with HDV cameras? In short, we're still going to have to use normal DVDs for awhile until HD DVD or BluRay(whenever they will become available) reach a price point where it's feasible to use them. So is there anypoint to shoot HDV and then downconvert back to DV resolution, an extra step in post processing. Depends on who you ask.
Many a shooter will tell you downconverted clips are superior to clips captured on DV. Brighter, richer colors and a tad sharper too. Well the higher resolution HDV's color is 4:2:0 at 1440x1080. So downconverting to DV should give you 4:2:2 which means the colors are slightly richer and saturated. But that also depends on the subject etc. It's not a guaranteed free lunch.
After all this talk, what does it mean? HDV is a great format which is slightly ahead of its time. Without no reasonably priced output format except to downconvert to DV, is it worth switching now? The question really is, is the improvement in color and saturation (AND the future ability to show it in HD when it becomes more widespread and available) worth getting a new camcorder/housing/new computer to edit? Sure it's great to have the latest and greatest, and the gain in quality is perceivably there. It really depends on the camera you have, anyone shooting the PD170/VX2100 will not see that big a difference and will lose the lowlight ability crucial to u/w shooting. However someone with a TRV900/PD10 will see a bigger difference in video quality. Plus the camera is out of production so switching isn't that big a hit.
In the end, the user has to decide based on the cost/benefits and of course the wow factor of saying you shoot HD.
