I have had a CX7 (for those of you who don't know, it is the new camera that records to memory stick) for a few weeks now.
I bought it to replace my HC40 which I didn't trust in the dusty environment that is Tanzania cos it is minus all the moving parts that break!!!
So far have only used it recording in SD which it records as mpegs. However I have watched the AVCHD format on an HD tv and the difference is mind blowing!
Navigation within the camera is great, as you can flick through the clips without the need to rewind and there is no danger of recording over vital video.
I have 2 4GB cards and swap between them and just put them into the memory stick slot on the computer.
I have also just bought sony vegas 8 which supports the AVCHD format, even though I will still be editing in SD.
The only downer is the lack of a lanc port, but oh well, just hit the record button, it's not as big a deal as I was initially concerned about.
The camera is light and side mounts without a hassle.
At the moment I just have mine on a home made L bracket on my cookie mxv, but i have emailed cookie and they are working on a box for it, which i will buy as soon as it comes out.
Everyone that i have shown has said that it will be their next camera!!!
You can still edit via a mixing board if that is your thing as it plays the clips back to back as well.
The best thing is the lack of real time capture!!!
Just put the stick in the computer and copy the files over in a fraction of the time.
It also has a good piece of software that allows you to archive the footage to DVD which works out a hell of a lot cheaper than keeping DV tapes!!!
I will eventually get around to chucking something that i have shot with it on youtube, and i will post a link here when i do.
But in the mean time i would recommend it!