As for HDV, the compression is horrible for any type of fast motion shooting. If you leave the camera sitting on on a tripod, shooting a landscape, you will get awesome images, shoot a bunch of kids running around at a birthday party and its artifact city.
You are right though fluidedge, I shoot with an HVX200 so I am a bit spoiled in that sense.![]()
HDV is a great compromise--for some things. Easy to edit, dirt-cheap media, nice picture quality (as long as it's locked down).
For indie filmmaking, though, I would think it would suck big-time. Barely any color space for tweaking in post, and, as you said, "artifact city" when the screen is busy with action.
The only compromise that one makes with the Panasonic HVX200 (as opposed to big $ pro units) is that the imager is 1/3", which is pretty small, making depth of field a lot harder to get (about the same as 8mm film stock). From what I've read, to get 35mm-like DOF you need to open up the f-stop all the way and pile on the ND filters to knock the light back down below washout. Or use a spinning ground glass disk 35mm adapter type of unit with it, and pile ON the lights.
The HXV200 is really a miracle product for those who know how to work it for all it's worth. I used to own a DVX100 and the CineGamma color was absolutely delicious. Things I shot on video looked like 16mm on a standard TV. And the audio was kick @ss. The HVX200 does all of that @ 1080p/24fps HD. Cool.