Firewire is a much better solution for bandwidth intensive applications such as Video, Audio, & external drives.
USB 2.0 while technically faster is usually slower in bandwidth during continuous operation due to the protocol & error correction it uses.
I really dont see the need for Firewire 800 when Firewire 400 can perform the task.
Here is an example. the band width of HDTV is about 13 or 19MB/s (1080i but im not sure) If you transfer that from the camera to the DVD burner then the Firewire 400 should be able to handle it. (19+19=38MB/s)
If you transfer the video to PC then burn it to DVD you have the full 50MB/s to transfer in & burn out the video.
Besides if the camera is using iLink, or a 4pin Firewire cable it IS a Firewire 400 and will not work the new Firewire 800 cables because they use a different plug.