A lot of HD camcorders are just using SD cards for the storage. With a 16Gb SDHC costing around $50 at the moment, well, the reasons are fairly obvious. Gb/$ ratios are doubling every four to six months with no apparent let-up.
16Gb should easily store two hours of Blu-ray/HD DVD quality video coupled with a decent soundtrack. The issue is not storage right now, it's the other issue you mention - the optics and quality of the cameras in general.
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A lot of HD camcorders are just using SD cards for the storage. With a 16Gb SDHC costing around $50 at the moment, well, the reasons are fairly obvious. Gb/$ ratios are doubling every four to six months with no apparent let-up.
16Gb should easily store two hours of Blu-ray/HD DVD quality video coupled with a decent soundtrack. The issue is not storage right now, it's the other issue you mention - the optics and quality of the cameras in general.