Yes. A camera is just that, a camera. The jog/shuttle innards are not made for the constant back and forth that is required of editing.
You will also need a deck for mastering and bringing in footage that has advanced pulldown through firewire.
Earlier this year we up-converted a project shot 24p (Normal) to 720p through the K2 that was shot on SDX900. It looked awesome and ended up being much cheaper than renting a Varicam. The K2 will be good to have for this feature alone.
I am also working on a SD project that was shot on the SDX (16:9 24p normal) and we kept it all SD and it looks fantastic as well. This is my first foray in to using the DV50 codec (a game time decision made because we needed to conserve storage space) and it looks great. Good luck on your endeavors, that camera will get you through the SD to HD transition nicely, and you’ll be able to profit from it as well.
Also remember, buy the deck (with firewire option)
Jeremy
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G5 Dual 2Ghz <> 4GB RAM <> FCP 4.5 <> Kona 2
ATTO 42XS <> Huge Systems 1.25 TB 4105 Fibre