The one for Europe is out now...

http://www.jvcpro.co.uk/news/releases_html?atype=release&releaseID=1192

partial quote:

The GY-HD100's HDTV recording format is selected from 720p/25, 720p/24 and 720p/30 and the 625 PAL recording format from 576i/50 and 576p/25 in either 4:3 or 16:9. From the progressive 720p native recording, the on-board converter provides in real time a further array of signal types from which to choose... In high definition they are 1080i/50, 1080i/60, 720p/60 & 720p/50 and in standard definition 625 PAL they are 576i/50 in either 4:3 or 16:9.

http://pro.jvc.com/prof/Attributes/press_res.jsp?tree=&model_id=MDL101539&itempath=&feature_id=08

Press release is part of a mini-site on the GYHD100U

http://pro.jvc.com/pro/pr/2005/nab/presskit/focus_release.html

Excerpt:
"The DR-DV100 HD will provide approximately four-and-a-half hours of uninterrupted record time of HD content, making it ideal for field applications such as news, and documentaries. Users can record to both tape and disk simultaneously, creating an instant back up recording for archival purposes. This unique “dual media” approach is not offered with other manufacturers' tapeless solutions. ... available Summer 2005."

No mention of the price, other than "an extremely affordable price".

The US version doesn't make any mention of dual format (PAL) capability. The Euro version does. Maybe it's there but isn't mentioned?