the other consideration is that you'll need P2 viewing software to watch individual clips outside of your NLE.
i find this a bit inconvenient at times.
otherwise, if your final video is 720p or smaller, the mainconcept P2 transcoder is very fast with pretty small file sizes.....AND integrates perfectly with other editors and systems already setup to handle a dvcprohd workflow (and no PC-to-mac issues either!).
mostly i haven't noticed any appreciable loss in detail.