SDXC slots on the new 2010 HD camcorders
 

"SDXC memory compatibility (over 64GB SD cards)
SDXC is the next generation is the line of SD memory card technology. The SH1 can record to more than 64GB of content to SDXC memory cards. This dramatically improves your ability to record and transfer Full HD 1080 videos to a computer. You can also play SH1 Full HD 1080 videos stored on SDXC cards on your high definition TV."
Amazon.com: Sanyo VPC-SH1 High Definition Camcorder and 10 MP Camera (Black): Camera & Photo
SANYO :: News :: SANYO Announces Industry-Leading*1 ?35-mm Wide-Angle Lens? & ?30x Advanced Zoom?*2 Full HD*3 Dual Camera

Panasonic SDXC camcorders

"While not all of Canon's new HD camcorders offer internal memory, all are now SDXC compatible (SDXC cards are said to be capable of holding 2TB)."
Canon introduces nine new HD camcorders

Manufacturers will tell you that tape based cameras are being replaced with hard drives, flash memory and other storage media because they're superior technology. In actuality, the biggest reason manufacturers are turning away from tape is because it's cheaper to build cameras that don't incorporate a drive mechanism. Some might argue that tape can't handle the higher bit rate needed for higher resolution images. In fact, certain video tape can handle five times as much as what is needed for HDV (24 Mbps). Even miniDV can theoretically handle twice or more that bit rate. However, it's a matter of economics which marketing has twisted and spun to cast a pall over tape as a viable medium.

Some might argue that tape mechanisms introduce noise into the audio part of a video. If we are truly concerned about the quality of our video and if we understand that the audio part is 50% of decent video, we aren't using the internal camera mics anyway. The issue should be moot.

When you consider workflow, many find a tape based workflow allows fast editing, easy and cheap archiving. Until 32GB Class 4 or 6 SD cards are $4 a piece, it's still far cheaper, faster and easier to archive by placing label on a tape and toss it into a box than any other method.

Tape based video has many positive attributes. Sure, you can decide to move away from it but do it for real and beneficial reasons rather than perceived or hype-driven reasons.

Dave