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When you "downgrade to 720p" are you doing that with ClipWrap or some other 3rd party utility?
( you want to use a video editing CODEC and NOT a video DELIVERY CODEC which will throw away most of the video information )
That's a good point about two TM900's, ejoison. I was thinking two TM900's would be okay, or one TM900 and one HMC150 would be even better -- but -- I'm running FCP 6, and there are apparently issues with the TM900's 1080p60 not being supported. (And it's not even supported on FCP 7 or FCP X.)
I got some extra time to figure this out since my boss left early yesterday and I didn't have to give him my list of recommendations, but I'm not sure what to tell him today. Two HMC150's is totally awesome in my book (or HMC150 + AC130), but I can't have my "budget" recommendation include a camera (TM900) that I'm not sure will work with my software.
Though I'll look stupid if I have to go back and say, Um, I actually won't be able to edit the footage from the TM900...
For better or for worse, all AVCHD footage is roughly equal in terms of processing difficulty for an NLE.
Shoot, I'm starting to get worried now. I wonder if Panasonic makes a camcorder similar to the TM900 that shoots 1080 30p and 720 60p. Anyone, anyone ...???