Like Philips 160GB Hard Disk and DVD Recorder (DVDR3576H/37x)
http://www.overstock.com/Electronics/Philips-160GB-Hard-Disk-and-DVD-Recorder-Refurbished/3519458/product.html
Your existing camcord AV output -> Philips DVR -> MPEG2 files(on HD) -> DVD
This might not be the cheapest solution. but it's a simple solution. Besides, you can use it to record your favourite TV programs as well.