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I’m about to buy a HD Camcorder (Canon HF20), how compatible will it be with my Computer/TV?

I’m going to buy the Canon HD HF20 on Black Friday, but I have a single core desktop at home with Windows XP. Will I be able to edit basic home movies with it? And how hard is it to get the raw footage onto a DVD? Can I record in standard definition video with an HD camcorder?

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