Hello everyone getting back into my favorite hobby will be purchase my first tape-less camcorder. I edit with Avid Media Composer 5. I do not do this for a living just a hobby. The events I will be using the camcorder for is things like Air, and Car Shows, Vacations, and family events. I am looking at the Panasonic TM700 and HMC-40 and if I can fine a used one HMC 150 but the 150 most likely will be out of my budget, back to 700 and the 40. What are the major differences between the two? I worry about the 40 maybe too big for taking on vacation. I would love to read any suggestion and feedback on the cameras. What are the advantages disadvantages? I am open to for Sony or Canon suggestions also.