BobDiaz
The Professor
The EX1 is a prosumer style camcorder of a similar size and weight to Sony's own popular Z1 camcorder. It comes equipped with two slots for SxS Express Memory cards, which in 16gb capacities will give you approximately 50 minutes of recording time per card at the cameras highest quality setting of 35Mbits/sec VBR MPEG2.
While it's not impossible to edit MPEG-2 native mode, it's not a good idea. Thus, with this camera you will need to transcode to a different format in order to edit.
It would be interesting to see a side by side test against the HVX-200. My guess and this is only a guess on my part, is that the Sony may be a sightly higher resolution, but the HVX will reproduce far richer colors than the Sony.
Bob Diaz