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I gather that you're looking for a camera to film your own vids, so I would recommend getting a 3CCD camera with an interchangeable lens system (preferably). The Canon XL H1 is a bit expensive, but performs well. It films in full HD and SD on MiniDV tapes.
(Let's not forget that HD works way better than SD, in low light situations).
Another important feature to look out for, is a camera that has a DV terminal with in/out.
Handy for when you finish rendering your film and want to make multiple backups on tape, alongside the harddrive master.
I wouldn't count on any software you get with the camera. Most are too simple and unstable. Go for the real deal.
As for the Red, !@#$%!? Looks like a very nice Hi-end camera, but I can't find all the specifications on it to decide if it's worth the $$.
Besides, rendering anything above 3k is out of the question if you don't have the right hardware to handle the terabits of footage.
I can understand getting one of these if you're Bill Viola or someone working for a studio that uses the IMAX format.
Not your average consumer product.
Oh, and Final Cut rules above all. If you don't believe me, got take a look at what they're using in most professional film studios.
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