What's a better purchase: a DSLR or a HD video camera?

Is a DSLR a better camera to purchase for video and stills than a HD video camera?

I would like to take good quality video footage. I've done a lot of research on the different features and pros and cons of DSLRs. The biggest concern I would have with purchasing a DSLR is that they overheat. I would like to take great crisp, clear video footage, and I've read over and over that a lot people take video with DSLRs these days. An advantage of owning a DSLR is they also take great stills. (I'm looking at buying the Nikon d3200)

Although video cameras are designed for taking video, they don't seem to have a movie/professional look to them, where DSLRs do. Video cameras do not overheat like DSLRs, which is an important detail when taking a video.

Basically, what is YOUR opinion? A video camera or a DSLR? Both have pros and cons, but in the end, which is worth my money?

I prefer HD because its better for how most people use there video cameras for.

Depends on the situation. What sort of video do you plan on shooting?

Are you shooting an event like a concert or interview?
If you don't have control over what is being shot, a camcorder may be the better choice. Camcorders are designed for long-haul shooting, potentially capable of recording hours of video in one shoot. Camcorders can automatically control exposure and focus so you only need to worry about pointing it in the right direction.

Do you need complete control of the video's "look"?
DSLRs have the edge in visual quality due to the range of lenses available, with wide aperture lenses commonly used due to their ability to blur backgrounds while keeping the subject in focus. These kinds of videos are often planned heavily in advance, like on a movie set. A lot of staging is involved, sometimes requiring crew to do makeup, rig lighting, or even build sets. They are also shot in short clips that are joined together using video editing software like Sony Vegas, Adobe Premiere, or Apple Final Cut Pro. If it isn't apparent, the DSLR is just one part of a large process.

In short, camcorders favor those who need an all-in-one solution or are shooting to document, while DSLRs favor those who have the time and resources to prepare a scene.