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I don't know much about Mini Dv Camcorders, can someone help me?

What all can I do with these Camcorders. I want to be able to edit my footage into good dvd movies w/effects.

I have a Sony Hi-8 Camera and I cant edit it. Is there any way to convert that footage so I can edit it?

I was thinking about the Samsung at Target on BF. It has 20XOptical/900XDigital zoom and is $280 but you get $80 gift card. Is this a good camera at this price? What camera do you recommend?

Also what is a good editing software program?

 

any input or answers will help. Thanks a lot!!!!!!!!!!

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