There are three great things about digital video. First, the quality is very good even with small cameras. Second, editing the video is easier, and does not degrade the quality. That's not to say anyone can do it.
Video is still hard - in some ways much harder than photography.
The extra dimension of time is one thing. Recording sound correctly is another. In fact, it is only with DVDs that you can maintain the quality of the original recording. We have three digital video cameras, one large, one medium and one small. The medium one is great for low-light and for maneuvering around a crowd without causing a fuss.