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Thats what I understand, 2008 will be the cut off. I ordered a 2nd GL2 the other day but canceled it upon thinking about HD. I would rather make the investment and start advertising as HD. There’s alot of people that made a 3-5 thousand investment in there HDTV and would expect the same quality. If people have HDTV at there house already why not offer the best quality. If the JVC GR-HD1 is sub par I’ll look into the Sony. I love Canon but not for 8,000.