After a lot of research, I bought the Sony HDR-SR12 120gb Harddrive cam:
http://www.sonystyle.com/webapp/wcs...10151&langId=-1&productId=8198552921665291496
It's the best bang for your buck. You can film in HD with the new video codec AVCHD or work in standard def with MPEG2.
You're future proofing if you get an AVCHD camera and more and more software editing programs are supporting it. And if you have a computer with more than 2gigs of ram, you won't have trouble rendering HD video.
If you want to buy the Sony HDR-S12, I recommend Future Shop. It's $1099!
Also, you can burn HD content on a regular DVD disc, but it will only playback on a Blu-ray player. If you don't have a Blu-ray player yet, then continue to film in standard video using your HD camera. Looks amazing nonetheless.
Lastly, if you're interested in purchasing a mini-hdmi and hdmi cable to hook up your HD cam to your Hi-Def TV, then look no further than Monoprice. They have high quality cables for less.
http://www.monoprice.com/products/p...=10242&cs_id=1024201&p_id=3645&seq=1&format=2
I bought mine there for $13 Canadian. You can't beat that anywhere in Canada. The cheapest here I found was about $36 Canadian after taxes.