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No, the JVC is only 720p, but there'sa rumor that a 1080p cam is coming out soon. But that doesn't help now.There are several color tweaks available for the JVC to ,make colors look better. Search for "True Color" at dvinfo.net and you'll find sample footage.
I've heard that the panasonic is very clumsy and hard to use as a handheld or shoulder cam. Have you held both in your hands? I bet you won't be shooting from a tripod ;)
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