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any gotchas apart from the limited by definition editing features
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I don't quite get the wording here, but I'll try...Stand-alone burners do not allow you to create menus, and other interactive elements (like optional audio tracks, easter eggs, etc). Menu's will be automatically created with thumbnails showing each track you've recorded. Panasonic's EM20/30 models allow you edit, delete and move the video around ONLY if you use the DVD-RAM format. Toshiba has a model out in Japan that allows you to record to a hard drive, edit the data, then burn to DVD (a PVR and dvd burner in one, essentially). These will probably make it over here right after xmas, i would assume.
If you like designing menus, and alternate audio tracks, you will need to buy a PC/Mac based DVD burner and software.