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Depends on your point of view. DVCPRO HD certainly is HD. The Panasonic Varicams have been the mainstay of HD Natural history for many years, producing beautiful images.
However if you compare full res 1920x1080 and 1280x720 on a big screen then the 720 looks soft.
My vote would also go to the EX3 as it is full raster 1920x1080 and has an excellent VF and interchangeable lenses. The EX half inch sensors give a shallower DoF and larger sensors help keep sensitivity up and noise down. The use of a long GOP codec means you can get much more material per Gb on a card and with card prices the way they are that has to be a serious consideration.
If you budget is tight then the EX1 might be better for you.
Ask the same question in the Panasonic forum and you might get a different answer!
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