Scott,
Aquisition format has very little to do with an “off-line” format. Therefore, to answer your questions:
#1. Yes. This camera can create a master of high enough quality to be accepted by Discovery or any other HD channel. HD aquisition formats can be VERY confusing and your selection of which one to use is often driven by considerations that have nothting to do with the camera. What are your delivery requirements? International requirements? Whoever owns the copyright dictates the terms.
#2. At first glance, it would seem like overkill to use an HD camera for an SD show, but if you set up an HD workflow for one show, you COULD relatively easily use that workflow to create an SD version of another. There’s nothing wrong with this approach… it’s just gonna cost you more time and money.
#3. Do your homework. There’s more HD/SD formats out there than there are candidates tossing their hat in the ring to run for president!
#4. Don’t know. I’m a “post” guy.
#5. Panasonic AJ-HD1400 Compact DVCPRO HD VTR will play the tapes coming out of this camera.
It sounds like you’re stuck in that netherworld between SD and HD with one foot in both. That’s a very confusing place to be, when new formats and cameras seem to be introduced almost daily. The pansonic camera you’re considering will pretty much “do it all” for your situation. Be aware that in the HD world, aquisition is only the tip of the iceberg. Your decision on aquisition format can have a HUGE impact on the cost and complexity of the post process. Find someone you trust who’s been through this to help guide you. Pay them. It will be the best investment you make.
mark