Our brother site Engadget reports that Sony announced plans to release the world’s smallest and lightest HD consumer video camera. Like the HDR-FX1, the HDR-HC1 supports HDV and records in 1080i. Japanese reader Toshio says it’ll be out July 7 for about $1700USD. Sure, it's not going to produce images anywhere close to the cameras George Lucas is using on the Star Wars films - it's not even a 3 chip camera. But that aside, this is sure to send shockwaves to the low-to-no budget independent filmmaking world. High Definition is now becoming affordable. So all you future Kevin Smiths, start saving up your money.