No, uncompressed means it hasn't undergone a compression scheme.
4:2:2 is, in and of itself, a sort of compression -- the rawest signal could be up to 4:4:4, although that is really rare in video, you usually only see 4:2:2 at the max.
so the resolution remains the same? quality of image perhaps slightly lessened, and a 4:1:1 color space as opposed to 4:4:4 ? can the G1 produce this? along with the h1?
Direct HD-SDI output is probably the 1920x1080 image off the DSP, vs. the 1440x1080 recorded by HDV. And it should be 4:2:2 off of HD-SDI, vs. the 4:2:0 of recorded imagery. And it will be 100% free of compression artifacts.
The G1 and H1 can both do it, the other cameras can do uncompressed analog component, the newest crop of cameras can do it through HDMI.
A1 can do uncompressed analog output. Barlow just put up a thread here in the last few days showing HDV capture vs. uncompressed analog capture from an A1, you should look for recent threads started by Elton.