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I completely agree with you!
Before I got my PDX10, I had seriously contemplated HDV. My primary reason for rejecting it was simply that it used MPEG2 compression and that introduces a lot of additional demands on processing power due to the interframe compression. (I'd only consider "true" HD - i.e., non-MPEG - but that's a lot of money!)
I'm not into huge "home theater" systems - my main TV is an old (+8 yrs) 27" Sony. DVDs look great on it. Given the viewing distance and size of the TV, I'd be hard pushed to see a significant improvement with HD. (With a montrous TV and sitting a few inches away, that would be different).
Just my 2c...
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