The camcorder that combines a lot of the features amateur filmmakers and videographers have been looking for--HDV, 16:9 CCDs, 24p, 1080p/720p--has been announced. It uses solid-state P2 memory cards as HD media rather than tape, and while it will improve quality, the cost of the camera with two 8GB P2 cards will be just under $10,000!

The exclamation point reflects amazement in both directions. The camera is cheap for what it can do, but my eyes (and wallet) are bleeding already. JVC also announced a new HDV camcorder at NAB. Can Canon be far behind?