If you don't need a zoom, then I'd recommend the iPod Touch: (starting at $199)
http://store.apple.com/us/browse/hom...ily/ipod_touch
Filmic Pro, a great video recording app, is available for $3 on the iTouch:
http://itunes.apple.com/us/app/filmic-pro/id436577167?mt=8&ls=1
iMovie, a great video editing app, is available for $5 on the iTouch:
http://itunes.apple.com/us/app/imovie/id377298193?mt=8
The latest model shoots 720p video, here are some samples from Youtube:
http://www.youtube.com/watch?v=Y8tlo9zBuDg&hd=1
http://www.youtube.com/watch?NR=1&feature=fvwp&v=ALAGi3LSnOw&hd=1
You can double your battery life with a battery case for $50: (protects the iPod, too)
http://www.amazon.com/Mophie-Juice-R.../dp/B004TU1SX0
A tripod bracket is available for $6:
http://www.amazon.com/Cosmos-Univers.../dp/B005F7DO0G
A mini tripod with a pan/tilt arm is available for $18:
http://www.amazon.com/Gorillapod-Vid...dp/B0042FZA1S/
A full-sized tripod with a smooth pan/tilt head is available for $150:
http://www.amazon.com/Velbon-DV7000-...dp/B0010COA94/
A tabletop dolly (straight & curved shots) with an iPod clip is available for $100:
http://www.amazon.com/Pico-Kit-Digit...dp/B005V7975G/
So the benefits are:
1. Inexpensive 720p HD camcorder
2. Fits in your pocket
3. Cheap accessories
4. Film anywhere
5. Edit right on the device - no need for a computer
6. Send directly to Facebook, Youtube, Email, etc. - no need for a computer
I have the iPhone version of this (does full 1080p, but requires a monthly contract or a very expensive off-contract fee):
http://i.imgur.com/06NoU.jpg
I also have a pocket video blog here if you happen to go this route:
http://www.hollywoodinyourpocket.com/
If you DO want a zoom, check out the Canon HF-R200:
http://usa.canon.com/cusa/consumer/products/camcorders/consumer_camcorders/vixia_hf_r200
Currently $280 on Amazon:
http://www.amazon.com/Canon-VIXIA-R2...dp/B004HW7EAG/
Sample video: (select 1080p!)
http://www.youtube.com/watch?v=4tsUI2tZk9U&hd=1