I'm considering getting the Sony HDR-HC1 HDV camcorder; http://www.camcorderinfo.com/content/Sony-HCR-HC1-Review.htm

I don't have any HD equipment, but I'd like to capture movies now of my daughter in that format so that someday when I do get HD equipment I'll have the old movies in HD to play. But I'd like to know if I can downscale it to DV right now so that I can see the movies now in DV format until I upgrade my equipment.