"Actually many very knowledgeable people disagree on that you have to edit HDV natively, but insist in getting out of the HDV codec as soon as possible."
They, simply put, are wrong. There is NOTHING gained by "getting out of HDV" as the data that are encoded cannot possibly become "better" data nor are the "bits" any better preserved in another codec. This nonsense began with DV and before that Hi8.
Moreover, you don't need to convince me M100 has some great points. I've used M100 literally from day 1 since I reviewed it before it shipped. (And, John was a little boy running through my office at Data Translation long before anyone had even heard of an NLE.)
But, codec technology and realtime render engine technology is ultimately more important because most of the M100 old-timers have, by now, already learned to use a dozen NLEs. People can always switch if the internal technology doesn't keep up.
PS: it's possible that M100 has a rendering engine that forces renders to be in the SAME codec as the SOURCE codec. If this is true, then on the M100, one wouldn't want to natively edit HDV. But that is a failing of the M100.
Both FCP and MC NEVER use HDV for rendering. Rendering is always done to ProRes or DNxHD. If M100 uses this DV-in-DV-out type of engine, then that means XDCAM may be treated just like HDV. IMHO, non-native editing is simply unacceptable in today's world of quad-core chips.
Best Regards,
Steve Mullen
Digital Video Consulting--Las Vegas
www.mindspring.com/~d-v-c
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"Sony V1 and FX7 HANDBOOK" at www.knowledge-download.com/V1-FX7
"Sony HVR-Z1 and HDR-FX1 HANDBOOK" at: www.knowledge-download.com/SonyHDV
"EDITION 2: JVC GY-HD100 HANDBOOK" at: www.knowledge-download.com/JVCHDV