Also btw, it is false to say that HDV is not "TrueHD." TrueHD is just a marketing term that some companies use to try to discredit other companies' cameras. Anything that shoots 720p, 1080i or 1080p is definitely "True HD". Lots of professional broadcast and film productions are shot on HDCAM (which is 1440x1080 just like HDV), DVCPRO-HD (which is 960x720 or 1280x1080, i.e. less than HDV), etc.
If you don't believe me, go do some research on dvinfo.net, which is where a lot of famous and high-end pros hang out to discuss this stuff, and they will confirm what I said.You should go for the HDV camera. The only thing the Canon XL2 has an advantage with is the lens. Also, don't be fooled into thinking that 24p is somehow better than 30p (which more HDV cameras are capable of). Film is only shot at 24 fps because it was the lowest frame rate the movie studios could get by with and still support sound (before sound, they saved more money by shooting at 15-18fps). Unless you plan on combining your digital footage to footage shot on film, OR if you plan on having your digital films transferred to motion picture film for projection in theatres, there is no reason to shoot at 24p. If you're planning on finishing on TV/DVD (which runs at 30 fps) then you're relying on the camcorder or editing computer to stretch those 24 frames into 30 - basically asking the camcorder or computer to create 20% of your film electronically. People often think 24fps is better than 30fps for some reason, but it just doesn't make sense. The main thing that makes film look different than a lot of video is the resolution - a more detailed image. You will of course have more detail when you have an extra 6 frames every second. Ignore the 24p feature and focus on resolution. HDV has much better image and temporal resolution and will provide for better color, higher contrast ratio, and much richer images.
