This camera not only shoots in 30p and 60i format but also in the 24p (progressive) format for the "cinematic" look.  Since most prime time television episodic programs are shot in 24p - either 35mm film or HD video, a very large audience exist that equates the "24p" look with very high production values.

 It's awards: :  

Basic Specs:  

1/3" 3-CCD Mini-DV camcorder with exclusive CineSwitch™ technology.

Outstanding sensitivity: F11 @2000 lux, min illumination: 3 lux (at +18dB).

Supports 480i/60 (NTSC), Cinema-style 480p/24fps, and 480p/30fps image capture.

Precision wide-angle Lens with Servo/Manual Zoom (with stops & barrel markings).

Auto/Manual Focus f1.6 with 72mm filter size. Advanced optical image stabilization.

Conventional 4:3 aspect ratio and 16:9 letterbox image capture modes.

Conventional video gamma and Cine-like Gamma operational modes.

2-ch. XLR audio inputs with phantom power supply (48V) and manual audio levels.

Large centrally located pivoting electronic viewfinder usable for left or right eye.

Flip-out 270° 3.5" LCD panel with superimposed audio metering on both LCD & EVF.

Six Scene Files and Two User Sets.

S-Video, Video & Stereo Audio IN & OUT.

IEEE-1394 FireWire™ interface (in/out) for transfer of digital video/audio to NLE platforms.

Interval (Time Lapse) recording with adjustable record duration and interval time.

Yawn!  Hey, it does a nice job!