I recently shot some test footage with the HMC40. The video was of a black cow with green grass. Listed below is the link to the video hosted on You Tube. I was testing the Dynamic range stretch. The color of the green grass was very reddish. I was using a white balance preset of 5600K...
On pages 129- 130, in the Recording Mode, Time Stamp and Audio Settings chapter, in the HMC book written by Barry Green, it states:
"All imagemaking the camera does starts by sampling its chips into a 1920 x 1080 matrix, and all internal processing is done at the full 1920x1080 progressive...