Yes, you'll lose some quality, as DV isn't lossless, but since the compression is slight, I think you'll have to save out many generations before threr will be any visible difference. After all, DV is made to be editable (and reencodable). Only way to completely avoid quality loss between generations is to save as uncompressed AVI (~5 times the file size of DV) or use some lossless codec like huffyuv.
/Mats