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Yup, DV is recorded on tape as digital 1s & 0s. When you import that into your computer via firewire you're making an exact copy, just as you would if you were making a copy of any other computer file. But, there could be errors caused by any number of things (dirty heads, voltage fluctuations, cheap cables, crappy deck, bad juju, etc).
Now, when you export your finished product back out to tape, you may have added titles, filters, color correction, etc which will cause a generational loss. How noticeable this loss will be can vary.
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