Guys,
Okay I am in need of some video wisdom

I have been shooting camcorder stuff for 30 years starting with VHS back in 1982. I have shot probably 10,000 hrs or more of video over the years. All fun consumer grade stuff but I have always slowly upgraded my toys to produce better output.
For the past 7-8 years I have been shooting with a Canon HV20. 1440x1080 but the output is terrific. I I dump the tape footage to my hard drive, edit it lossless with Videoredo and then play it back using VLC.
Terrific quality even when viewed on my 80" LCD.
Like all of you I get the upgrade bug. I was thinking that 1920X1080P would give me even better output. So after some research I decided on theV700. One thread I read argued that the older tape based 1440x1080i machines were vastly inferior to the output of the V700.
I had Amazon deliver one this week. I finally got around to playing with it tonight.
I have a dining area that is brightly lit (about 300 watts total). decided to shoot some footage of various objects with the V700 and the HV20. Both have HDMI output so I could plug them into my panel and do real time side by side comparisons. I shot in auto mode---manual mode----tweaked the various manual settings on the V700.
The results are shocking. The Hv20 produces vastly superior video. I mean not even close. The V700 1080P stuff is soft, much much softer than the sharp HV20 output. The V700 contrast and color are nasty compared to the HV20. I tried every conceivable mode on the V700 ( tweaked the manual options, tried intelligent contrast....) nothing produced anything close to the HV20. I tried every 1080i mode and nothing changed from 1080P.
Anyone with any insights as to why this machine produces such inferior interior quality video to the old HV20 machine?
I am going to go outside and give it a shot to see if the quality improves outside.. I like the ergonomics of the V700 and I would rather not use tape, but boy the PQ inside video of the v700 is just nasty in comparison to the Hv20.
Any comments much appreciated.