... own prefs.
It is pretty much a personal choice. You have people that stay with one brand, Panasonic, JVC, Sony, etc. (Think Ford, Chevy, VW, Mercedes owners.)
Then there are those that choose because different cameras have different performance capabilities. Some work well in low light others do not. Some have more auto features while other have more manual. You have CMOS verses CCD, both have their quirks. You have 1 chip verses 3 chip. you have actual chip size, 1/4, 1/3, 1/2 etc. You then have the storage media, tape, flash memory, etc. You have capture format, AVI, MPEG2, AVCHD, etc. Some of which need above average PCs and software to be able to edit.
Then you have people that can make that $500 camera give you "knock you socks off" video better then another with a $5000 camera because they know their limitations, and how to work within them, as well as how to make the tools work. Too many people believe tools makes the craftsman when in reality it is the other way around.
So yes it is very much a personal choice making it virtually impossible to get one answer to your question.
Life is not a guided tour nor a destination.
It is a journey. Take the time to enjoy your family, friends and surroundings.
Build memories. Share experiences. Travel at sight speed not light speed. (C)