Everio GZ-MG555 Camcorder Review

I kind of want to get this.... I found a really good deal on it, and its the only one with all the features for the price: -the hot shoe -mic and headphone inputs -all the controls and ports -hd -digital -video light -43 mm threading _________ I know its not brand new, but its perfect!! I'm an independent diy filmmaker, and I don't have alot of money, so... Idk tell me what you think! ________ here's what i had in mind for the rig!! 43mm square lens hood: http://cgi.ebay.com/290493764400?ru=http%3A%2F%2Fshop.ebay.com%3A80%2Fi.html%3F_from%3DR40%26_trksid%3Dp5197.m570.l1313%26_nkw%3D290493764400%26_sacat%3DSee-All-Categories%26_fvi%3D1&_rdc=1#ht_1262wt_1163 shoulder rig: http://cgi.ebay.com/320727562568?ru=http%3A%2F%2Fshop.ebay.com%3A80%2Fi.html%3F_from%3DR40%26_trksid%3Dm570.l2736%26_nkw%3D320727562568%26_fvi%3D1&_rdc=1#ht_701wt_1396 diy camera handle: http://www.hv20.com/showthread.php?32885-DIY-Hot-shoe-handle shoe mounted videolight: http://www.hv20.com/showthread.php?32885-DIY-Hot-shoe-handle audio technica atr6550 (already owned) flash bracket (for a monitor possibly) diy matte box (out of old vhs tape cases) and some other stuff i'm planning to build. (note: to mount the microphone and light on the handle, i'd drill 2 1/4 screws in the handle, one on the side, and one on the top and other on the side) ____________ Thanks!! Please tell me what you think!!

What is he talking about with the editing part? it would be compatible with adobe premiere pro cs5 right?