Remember that the “RED” camera is a one chip camera. I have a Sony V1 (3 chip CMOS 1/4″). Generates great pictures in HDV, Hi Res. and great color. The Canon HG10 creates nearly as good pictures. I often intermix HG10 and V1.
When you edit in AVCHD and render MPG2 off the timeline, the resulting DVD (720×480) is excellent, nearly as good as HI. Def.
jk