The MPEG2 compression cannot keep up with fast changes in the picture like medium pans and flashes from still cameras.
It does look great if you keep the camera still and are in ideal lighting though.
Panasonic will be out with a real HD camera in about 4 months that shoots DVCPro HD.
Of course most poeple will be using these HDV cams and it will be interesting to see how bad all this "HD" footage (shot on HDV) looks like when people actually start delivering HD DVDS and people watch them on their big screen TVs. I bet a lot of people are gonna be pissed with all the out of focus shots and blocky artifacts
Like I said, HDV CAN LOOK GOOD but you have to know the limitations of the format and shoot acordingly but you still risk long dropouts because it uses GOP so every time you have a drop out you lose 15 frames instead of just one.
Is anyone editing HDV on FCP? If yes then is it a breeze or is it super slow to render it like on other programs?