JVC has announced that they will be shipping the first high-definition camcorder for consumers, the GR-HD1. It will be launched in Japan in early March, and is scheduled to ship in May for only 3,500.
The GR-HD1 supports 3 recording modes — HD, SD and DV. HD mode records 750/30p (1280×720/30 progressive fps) video, SD mode records 525p wide (16:9) video, and DV mode records traditional DV. The camera uses MPEG-2 to get traditional recording times for HD content on miniDV tapes.
I don’t know about consumers, but this camera could be huge for independent filmmaking.