depends what your final result is...if you and your friends are just going to rewind and watch your footy on the camera, doesn't matter what you get, just anything cheap that works. but...if you are planning on doing any kind of editing or output to tape at all, stay away from Hi8. it's old technology and is difficult to to non-linear (computer) editing with. you need to buy a bridge or adapter card of some sort to convert to digital (Dazzle DV Bridge or ATI card, etc.) Mini DV is definately the way to go, especially on a budget of 500 bucks. stay away from best buy though, appears to be good service, but is only because it is a popular 'department' store. if you're buying online, go with B&H Photo and Video (www.bhphotovideo.com). excellent company based out of New York. perfect reputation among professionals and consumers as well. (haha, i sound like a commercial) for 500 you can pick a nice MiniDV and maybe a few accessories if you're lucky.