According to camcorderinfo.com, Sony is working on a new budget HDV camera, the HC3. Since the HC1 is retailing for around $1500 right now, while the HC3 doesn’t seem to be much lower in spec than the HC1, if it came in at $1299 it might be, psychologically at least, a more reasonable camera for home movies. Of course the big news will be when one of these pushes below $1000. Then we can start throwing them off cliffs without worry …