Hi Crapex. Your post is not so accurate. Hope you don't mind my comments.
SD covers all standard definition video, and can be recorded on VHS, Betacam, DV, miniDV etc etc. I think you mean DV format SD.
HD also comes in different formats. For example, there are several AVCHD camcorders around that record in 1920x1280. They are using HDD or a more up-to-date type of flash memory, not P2.
Yes you can output to HDDVD or Blueray, but sadly at the moment, most people are probably downconverting to SD DVD for distribution, or uploading HD video to sites like VIMEO. The HD disc players (and recorders) need to come down a lot in price before they will catch on.
"lines running across" is not "layman terms", it's just wrong. Interlaced video should not have lines running across if your workflow is correct. And whether progressive is "better" depends on the footage and the intended production. 25p does not capture fast motion as well as 50i, and does not handle slo-mo well either. Of course 50p is another subject, but so far not many affordable cameras can shoot 50p.