i have a canon hv20. its fucking sick. HDV quality. cost me $860, not too bad. check out my review and video section for a sample clip, highly compressed
For the memory, it imported a 780 mb file for 4 minutes. The editing isn't too bad, seems smooth for me.
(i have a 2.2ghz dual core, 1 gig memory runnin vista)
Captial District Crew
Mt.Snow, VT Rider