If I understand this right, HDV is either 720p or 1080i video that is compressed on the tape with MPEG-2, correct?
How in the world can nonlinear editing software (iMovie, FCE, etc)work with HDV? Wouldn't it be messed up because of all the interframe compression and the key-frame thing?
Also, how much quality is lost with the MPEG-2, as opposed to DV25-type thing.