I have bought and returned a few camcorders this week for the above same problem. Using SD
card the shots are in clips and to edit and join these clips, the mod files need to be converted to meg or avi (etc) for windows movie maker that alone takes more time than the actual length of the video just to get in the editable format. Then editing takes also similar time, in short, it takes more time than capturing from a DV tape, (unless I'm missing something or not using an expensive software that can edit mod directly). Playing mod is fine but to convert for editing is pain.
I finally bought a cheap Samsung that directly records to mp4 files that can be edited directly by movie maker and the files can directly be uploaded to youtube from the SD
card it self if no editing is required. I find this more convenient and saves much time and is faster than a miniDV.
I even researched the HD
formats of sony/panasonic AVHCD. People have a hardtime to just edit these formats especially the panasonic.