I use this camera, but I did go with the firestore 80GB drive. They seem to be the most reliable hard drive recorder on the market. It works GREAT!!!
I usually record to tape as HDV while I’m downconverting to SD for the hard driver record. Most of the editing I do now is SD, so when I bring the footage straight from the drive, it’s already SD. But I still have the option of recapturing as HDV if I need to in the future.
You can chose the file type that the firestore records to. That is another great thing about it. I just use the quicktime codec since my editing is done in FCP.
I have saved countless hours already. I highly recommend looking at the firestore units.