Replying to What format do you film in?

Hey guys,

I just got a Panasonic HMC-40 and am pretty stoked about it.
I'm not really sure whether to record in 1080-60i/30p or 720-60p...

So what do you guys film in for:

1. the Web (almost 100% of my videos go on vimeo)
2. DVDs (making a video for a contest soon that needs to be sent in on a dvd)

Is there any point in shooting in 1080 if I am just going to have to compress it for the web anyway?

Thanks
R