Cannot comment on that particular model, but for the last three years I have been using the Sony HDR-HC1 1080i High Def camcorder and before that I was using the TRV900E DV camcorder.
Bothy of these have been sensational for their time! The TRV was fantastic SD mini DV tapes and the HDR-HC1 has given me phenominal filming. I currently tape in HD then convert down using Sony Vegas 7 to put onto DVD's but once the format war is over and HD/Blu ray recorders come out, I will have the tapes for straight conversion to HD quality films. The HD tapes onto exactly the same Mini DV tapes as usings an SD camcorder.
You cannot go wrong with the Sony HD camcorders.