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I'm going to have to go out of my way and defend DV with this post.
Although it can't quite capture the look of film just yet (HD-DV is pretty damn close to 35mm), it has a multitude of strengths from a filmmaker's viewpoint.
It's a hell of a lot cheaper to use than film and certainly more time effective. It gives the filmmaker more freedom and relief, providing instant access to footage rather than dailies. It has superior portability and allows filmmakers to use smaller crews, meaning more money available for the film and even easier maneuverability.
Also, if the director has enough talent it can serve many stylistic purposes.
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