<< I can't imagine too many single-CCD camcorders being that much better to warrant spending the extra $$$. >>
The only "flaw" I can find with mine is the lack of an external microphone input. Since it is "home movies", it doesn't matter to me.
The only differences between the cheaper DVCs and more expensive one are "features", not picture quality. You have to spend quite a bit more (like 2x or 3x) to get much better picture quality.
For example, for $50 more (in the same Panasonic line) I would get the upgrade from 18X optical zoom to 20x optical zoom. Oh, and a serial port for transferring still pictures (which is a WASTE in my opinion as the still pictures are not great quality - buy a digitical still camera instead).
For a couple of hundred more you get a color viewfinder (the LCD is the same) and a USB port. And for about $300 more you get that external mic input. When you get to 4X the price, you get the 3 CCDs which make for "broadcast" quality (the kind the TV stations use).