from what i understand, the MEGAPIXEL has nothing to do with the VIDEO part at all, the MEGAPIXEL is only for when you taking still photos with the camcorder. it's the SIZE of the CCD that matters. The size of the CCD on a camcorder is different that on a digital still camera because of the resolution of TVs and such... that's where the whole NTSC(648 x 486) / PAL (720 x 486) format comes into play (i won't even muddy the waters further by dwelving into 4:3 vs 16:9 aspect ratios). but the manufactures keep TRYING to make camcorders behave like digitial still cameras cos the 'consumer 'wants it - and it kinda makes sense - i mean you're already toting around this piece of equipment with lenses and stuff.... but truthfully... does ANYBODY stop videoing something to take a still picture of it?
anyHoo... found this on HOW STUFF WORKS website.... they've said it better than i ever could
http://stuffguide.howstuffworks.com/digita...rder-casual.htm
Consider CCDs
Though it may seem like an esoteric, technical detail, pay close attention to the camera's charged coupled device, or CCD. The CCD is the image sensor inside the camcorder that's responsible for capturing light as pixels. The CCD detects and translates the brightness of all three primary colors (red, blue and green), and uses this information to produce the final image.
CCDs are small and are sometimes measured in fractions of inches. Bigger CCDs are better. And while it may not seem like there's much of a difference between a 1/6-inch CCD and a 1/4-inch CCD, there is. If you've narrowed your camcorder choices down to two or three, let the CCD size be the determining factor.
In the past, most mid-range consumer camcorders have had one CCD, while higher-end professional and prosumer models have typically used three. However, these days manufacturers are starting to offer three CCDs on some of their more affordable camcorder lines. If it fits in your budget, look for a 3CCD camcorder.
Last word: When you're evaluating the CCD, you'll often see a pixel designation. While more pixels may result in a somewhat sharper image, you shouldn't worry too much as long as the CCD has at least 340K pixels. If you're looking for a camcorder that can also capture digital still photos, the amount of pixels becomes a much more important consideration (more on stills later).