I think bob made a little boboo
Usually panasonic get critized for their 1080 formats because the camera sensors are smaller than native or 1440 wide sensors, mening they do upscale the picture (dont rember if they use pixel shift on higher end products as well) anyway as DVCPRO HD codec does scale your image:
1080 is 1920×1080 and DVCPRO HD is 1280×1080 (60i) or 1440×1080 (50i)
720 is 1280×720 and DVCPRO HD is 960×720
BTW HDCAM is also 1440×1080(but different compression scheme / rate) and so is HDV(mpeg2), HDV 720 is full raster 1280×720
I personaly like DVCPRO HD better than HDCAM because there is more color information, (4:2:2@1280(1440)x1080) VS HDCAM (4:1:1@1440×1080)
-Kaspar