I haven't used that particular model but as it is MiniDV I would certainly recommend the format over DVD as Mark says it is difficult editing video recorded onto those mini DVD discs and the quality on MiniDV is much better. You also have Firewire on the MiniDV cam which again allows high quality video (and audio) to be transferred to the computer and editing software is more amenable to this format compared to DVD. After you've captured and then edited the footage you can then output to DVD, it's best to keep DVD to the end rather than start with it.

__________________
Better than a poke in the eye with a pointy stick any day...