The cams and the format wars are 2 different things and you should not confuse them. You can put anything from any cam onto blu ray or hybrid hd dvd and it will work... just depends on the format that you decide to convert to, and the programs that you use.
As to which format you would want to choose is of your own free will. But you should be aware that NEITHER format are fully function as of today's date. Blu ray has the REAL burners and disks out, but lacks the adequate software to do a good job at doing disks, while it seems that HD DVD suffers from the exact opposite problem.
It is possible to do high def on normal dvd media to use for hi def playback in the respective machines... and of the 2 formats HD DVD is better put together for it.
Pinnacle studio, with the hd dvd plugin does a nice job at producing a fully functional authored HD DVD that can even include DD5.1 sound. Although pinnacle does not support blu ray at all as of yet, you can do similar disks in blu ray with Ulead software.... it is not quite as refined though.
I have gone with HD DVD (for the moment anyway) and I use pinnacle to produce. I have a couple of frame grabs from a HD DVD disk..... frame grab 5 and 11. 5 is at a bit rate of 19000 and 11 is at 25000
(scroll down towards the bottom and look for the screen name BLINK3TIMES)http://www.avid.com/exchange/forums/thread/205076.aspx