I received my Canon HF100 and Sony Vegas yesterday and have just started experimenting with them. I'm very pleased with the HF100, but now my attention is focused on the post-processing phase. Vegas seems to work well for joining clips together, and other editing functions, but for other processing work (Filtering, NeatVideo, Deshaker, etc.) I prefer to use VirtualDub. So, I'm trying to find the best intermediate codec that supports HD video, doesn't take huge amounts of disk space, but degrades the video as little as possible through generations of loading and saving.
So far DivX seems to work well, and actually produces smaller files than the equivalent MPEG2 files. But I can't help but wonder how much quality is being lost using DivX as an intermediate codec.
The Cineform HDV codec seems ideal, but at 300 dollars no thank you...
Is there a codec that supports 1920x1080, 1440x1080, and 1280x720 with minimal quality loss, that is usable in a variety of Windows applications?