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Need a good HD camcorder. Considering TM300. Is this the right call or should I get EOS7D instead?

I’m looking for a good camcorder. My intention is to record my baby’s moments, I’ll utilize it for everyday recording so to speak. Now I see Panasonic TM300 as a good choice with positive reviews. On the other hand there’re very good SLR’s capable to record HD movie. Which one’s quality is better, what do you suggest for me to go for ?

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