Chris - I have actually found that the cheapest 3 chip camera shoots video that is essentially broadcast quality, the technology is surprising good - as for sound, an issue, yes, though, once again, I have found that a good external mike or an adaptor (which I have) can produce surprisinlgy good sound - in the multitrack recording world these days the essential technology is the same, what you pay for are special feaures, of which I know little when it comes to cams, though I don;t know if it is the same situation - would like to spend about $500 - will have to do a bit of on-line research -