says this camcorder isnt good for editing?

MPEG2 is a LOSSY compression technique used to compress large video files into smaller files that can be fit into a 4 GB or 8 GB DVD. Since the camcorder compresses the video and then writes to the hard disk, the source file that you download to your computer is already compressed and has lost much of its data during the compression. If you edit this already compressed file, you lose more data during the process thus resulting in poorer video quality.

basically that person is saying that the camcorder records and compresses the video to MPEG2, which is a crappy compression (according to him/her). So if you edit it, you'll end up with poor quality video.
 
o. but i dont think that's a problem for me, cause i have a video converter program that lets you make the video into a higher quality.
 
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