The folks over at DP Review -a place I heartily recommend for product reviews and articles, but not so much for informed forum discussion (low signal:noise ratio)- have put together a nice overview of shooting HD video from a DSLR vs. traditional camcorders. The obvious ones are better low light performance (due to larger sensors on a DSLR) and more creativity with wide open apertures but there are other factors you’ll want to consider. There are pluses and minuses on both sides of the equation, so which type of camera is best for you will depend on what you’re shooting, where and which mediums your final output is destined for.
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