I was looking at purchasing a high definition camcorder to record my two new baby boys but was turned off by the price of a blue ray burner and BR disks. What I was thinking of doing is buying an external hard drive and downloading all of my videos from the HD camcorder to it and then play them back through my networked Playstation 3 in high def. What I need to know is: 1) Is this possible? 2) Can I retain the HD format when it is sent to my playstation 3 through the external hard drive via network cable? 3) How do I set up the PC and Playstation 3 to do this? Any help would be greatly appreciated!!