The quality of the video should be good, but the LCD screen I will be using certainly is not reliable enough for broadcast mission critical color. But I don't find myself doing that type of work at home. For corporate, web and wedding videos it should provide you a decent reference of what your video looks like.
The card also features the ability to digitize video from HD camcorders with HDMI out, like the HMC150. So I'm going to be interested to see the quality of the image. From what I understand, when you digitize directly from the HDMI port of the HMC150 you're getting the full resolution of the camera BEFORE any AVCHD compression is added.