$50 price drop. Sears has the Sony HDR-CX160 Handycam Full HD 16GB Camcorder w/ 30x Optical Zoom (Black) for $200 with free shipping.
1/4" Exmor R CMOS sensor, wide angle G lens, 30x optical zoom
1920 x 1080 HD recording, 3MP stills, HDMI, 3" LCD display
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Reviews suggest file output is a big drawback. You cannot go from the camera to your PC; files must be converted which is a time consuming pain.
The only way to watch without converting the video file to another format is through the camera.