HDV looks great, but can be a bear in post production. HDV is typically not frame accurate, which makes batch capture difficult. HDV is also a long-GOP frame structure, which makes it CPU intensive and susceptible to rapid image degradation. Some workarounds:
But until I can find time, I suggest you read along with me about the inner workings of HDV, which I am being forced to embrace, because MPEG2 compression is the future of acquisition. P2. XDCAM. We can't avoid it any longer.