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I'd be careful of filming in 4:3. I believe the cams only shoot 4:3 in SD and then whats the point of using an HD cam? I'd film in 16:9 HD and convert to 4:3 later but that's just me.
Also gotta agree on the Avid. It's pricey but it's been a godsend for me. Easy to use and can do whatever advanced projects you got.
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