No need to do HDV ( HD is something much better) - the thing that determines the quality in this case is the weakest link in the chain - the dvd player.

This will 99% be a ordinary player with all that implys for quality - mpeg 2, 6mbit compression and standard res.

I find editing HD footage a real pain. Save yourself some hassle and down convert all the footage to SD DV and edit that to produce the DVD.

There really is very little point in doing stuff in hdv at present, the distribution oppertunities beyond front rooms equipped with blu ray players and decent screens are tiny - and how many peeps have blu ray players and decent screens? And how many film makers can cut blu ray discs, or afford to ?

The V1 is a great camera and will likely shoot sd dv that is only slightly different to HDV.