I think some have mentioned some very important points in this thread...
In the industry, many are still using Mini Dv to produce dramas and other productions.
In fact, many of the block-busters are still shooting in film...
We need to understand that technology is advance but we are still pretty far from matching it with film... HD is here but its still in its prelimary stage where a lot of trail and hypothesis being tested... we have to agree that these high end production produced exciting pictures, but they still lack the traditional film feel...
coming back to mini Dv, most of the consumer series are recording based on so-call "uncompress" format which can be converted to AVI in our PCs...
Most HDD and DVD are capturing video using Mpeg2 compression. for AVC-HD, they are using the Mpeg 4 compression...
it would take some time for them to fine-tune the mpeg4 to flawless (which is virturely impossible now)...
Mini Dv will still be the way to go at least for me for the next 5-8yrs