You'll be hard pressed finding a semi pro camcorder for £500, if you see one on ebay let us know! I would go for a Mini DV camcorder instead (very good picture and sound quality), as you say Canon have some good camcorders out at the moment, but the big guns are out of reach. I wouldn't buy electrical goods in America before finding out if the warranty still works in Europe, more than likely it doesn't. What do you do then if it develops a problem after you've come home? Hi 8 is an old analogue format, forget about it and stick with digital instead.
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Better than a poke in the eye with a pointy stick any day...
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