I am shooting long-form HDV projects and delivering SD DVD. My computer is way to slow to edit in native HDV and I don't have enough disk space to store HD intermediate files, so I would like to edit in 720x480, 4:2:2 colorspace because those look better than 4:1:1 files after compression to MPEG2 DVD (4:2:0) especially when you have a lot of highly saturated reds, which my latest project has plenty of.
The free HuffYUV codec (uses lossless compression) would be perfect for me except that it gives me garbage-filled frames at random intervals (maybe it is not "thread-safe"? I'm using P4 hyperthreading).
The DVCPRO50 codec from Main Concept seems good except that at $350 it's awfully pricey.
http://www.mainconcept.com/codecs.shtml#dvcpro
The Sony YUV format takes up too much disk space. Is there any other option?