P2 is not a camera. It's storage media, like mini dv tapes, but P2 HD is a full production-quality, high-definition recording system that utilizes removable solid-state memory cards. A good camera that utilizes this technology is the Panasonic hvx200.

Another option is to consider the DSLR cameras that have gained popularity in shooting video. One of the most popular is the Canon 5D, but at over $2000, you might consider the Canon 60d which sells for under $1000. Lots of choices. These are for new cameras.

Hi Sergio,
Thank you for your response. I have a lot to study up on. I will check out the Cannon and Panasonic you mentioned any ideas for good used equipment

Maybe some day RED will release their Scarlet.

I spent a couple hours at Sammy's today. Definitely making progress.

Pros and cons???

I think checking out the RED Scarlet is worth your time. You get 5K 12 FPS and 4K 24FPS for $9700. This is the camera I would use to make a new film. http://www.red.com/products/scarlet

The Canon EOS C300 is also a contender with some excellent work being done with it as part of the release.

http://usa.canon.com/cusa/professional/products/professional_cameras/cinema_eos_cameras/eos_c300

The ARRI Alexa is taking episodic television by storm and has a fast workflow and a really solid, functional product.

http://www.arri.de/camera/digital_cameras/cameras/camera_details.html?product=9&cHash=a8f59e1416c47217aec16bb89bb2a36c