Pros Picture, 24 rated, size.
Cons Audio is horrible in any kind of a 'BREEZE'. Last years model. Worth just the $300 Costco is clearing it out for.
Summary A very good choice and beating out Sony's entray-level models 100% over. I'd suggest extra batteries and a travel charger and a ext. MIC to improve upon the sound.
The M400 by Canon is now out for 2011.
"better then sony"on by gunnar69
Pros simple and fits in a small place
Cons expensive and hard to find
Summary i have tried a bunch of these and this works the best
Pros Lightweight, Takes great video, has a lot to offer in the menu setup, Touch screen menu that is easy to navigate. You can take still images at the same time you are recording video. I would recommend this to a friend.
Cons Very small and hard to keep still at times. With only having a LCD screen it sometimes becomes difficult seeing what you are videoing on bright sunny days. Battery life is not the best. I plan on getting extra batteries.
Summary For what Standard Digital cameras cost I would recommend spending the extra money on a High Definition camcorder. You will see a HUGE difference.
Pros Nice compact size, good zoom and control, nice to hold, touch screen has some nice features.
Cons Lack of connectivity to Mac systems, touch screen sliders too small, poor documentation
Summary If you are a Mac user (and many serious video folks are) then stop before buying this camcorder. It only comes with Windows software (Pixela) and Canon's response was, well you can buy the Mac version (yea, another $110). To get the .mts files (oh, they don't readily tell you anywhere what the file extensions are or the file locations in the instruction documents, I called) on to your Mac you will need to use at least iMovie 9 (which is no longer available from Mac, but 11 is, but that will cost you another $50.)
The documentation for connecting to the computer is absent for the most part and relies on the Pixela materials (which if you have checked, has not had good reviews about stability etc.) To find the correct PDF file instruction booklet, you will need to visit the Canon site, find the camcorder and check the downloads. One is the little book and the other is a whopping 200+ pages book. Likely a problem for this camera is that they have packed so much into the camera itself (i.e. editing, etc) that you need this big of a book. Granted, I can't imagine anyone would want to edit on that tiny screen. Which brings me to the last point of the touch screen.
Others have pointed out how this screen is difficult. The touch aspect is fine. The sliders however, are another story. The area for screen options scrolling is too fine a line causing your finger to often hit other hot button zones and activating functions you don't desire.
The little battery is little by the way. For 190$ CDN you can get a longer life battery. Now, let's check the cost. Camcorder on sale $470 CDN. Memory (16G on sale) $100, Software upgrades $50, and extended life battery that lasts at least as long as your memory card does, $190 - ($810). The frustration in figuring out all this - priceless.