The "Make Movie Wizard" in VMS, Platinum Version required, provides for a "Save it to you HDV camera." My camera is hooked up via firewire and turned on to the playback position, not the record, position. The latter setting caused some confusion because it wasn't intuitive; I thought it should be set to record to record but that wasn't the case.
Loss, if any, is unnoticeable. Very happy with the results. My tv is a 46" Sharp Aquos 1080P. The picture is amazing.