I waited for a few weeks to post a review on this unit, such that I could get a pretty solid, real world, feel for this pocket camcorder. I think posting a review very soon after an initial purchase can result in a review that is somewhat biased and influenced by an initial perception.
All that being said, if I had to make one overarching comment about this unit, I would point out that this is a Pocket Camcorder first and a Camera second i.e. the strength of this unit is in taking High Definition H.264 videos. While the still shot aspects of this unit are pretty decent, I would say that, clearly, its strength lies with its video capabilities. From my perspective, its important to point this out so that others considering this unit won't confuse it with standard point-and-shoot still cameras that happen to have HD video capability.
VIDEO SIDE:
I have been using the unit for video at 720p/60fps as opposed to 1080i/30fps, primarily for three reasons (a) I have an older DLP set with a 720p native resolution, (b) 60fps is supposedly better at handling motion than 30fps (though this intuatively makes sense, I have yet to independently verify this, on this particular unit), and (c) the obvious, file sizes are smaller.
I think video quality is superb on the VPC-PD2 with one caveat, it is quite susceptible to lighting conditions. In daylight (full or partial, even indoors), the quality is absolutely superb. When light levels fall, so does quality. The camera seems to try to compensate by boosting the ISO level, which makes the video quality somewhat grainy/pixelated.....if I had to describe it, I would almost say that low light material tends to look more like Standard Def, even when capture in HD. I would add that the low light performance of this unit is no worse than any other pocket camcorder that I've played with, in fact, I would say its probably better than most.
People, you have to be realistic and realize that this is ultimately a pocket camcorder that, no matter how well implemented, will ultimately be restricted by its hardware. This camera is using a very small CMOS sensor and, hence, there is only so much that can be done with the given hardware (on the plus side, CMOS sensors tend to do better than CCD sensors). With proper lighting, I would say this pocket camcorder can easily rival a decent handheld HD camcorder, which, I think, speaks volumes.
Another very strong point is the audio side (I read some reviews to the contrary and am VERY puzzled by the same). The twin mics do an excellent job of picking up audio and, very crisply, I might add. I do agree that you can hear the optical zoom mechanism during playback, but (a) it does not bother me since it is for such a short duration (a second or two), and (b) I really don't use the optical (or digital) zoom much as I like the wide angle lense of this unit and tend to simply walk closer to my subject is I need to "zoom" in. I also think that zooming in tends to reduces the amount of available light that gets to the sensor which exacerbates the unit's weak point, low light shooting.
I think the optical stabilization works quite well. While I haven't done a close comparison of the unit with the optical stabilization on vs. off, (I turned it on as soon as I received the unit) the videos are quite stable with no noticable (or sickening) motion while playing back on my HDTV.
STILL CAMERA SIDE:
I have the camera stills set to 10MP. Using the 12MP with interpolation makes no sense to me as (a) the raw data simply doesn't exist (the camera sensor maxes out at 10MP), its being artificially created,and (b) it reduces the no. of stills that can be taken.
Taking stills can be done in two ways (i) firmly pressing the still shot button and waiting for a second or so for the shot to fire or (ii) pressing the button down halfway, letting the camera focus, and then pressing it down fully to fire the shot. So long as your subject is not moving significantly, method (ii) works better as it enables you to greatly reduce the shutter lag by pre-focusing, if you will.
The flash on this unit -- all I can say is wow! It is a powerful flash for such a small unit. The VPC-PD2 is one of the few pocket camcoders out there with a flash, and I think it greatly enhances the units ability to take still shots. The flash effectively enables you to compensate for the lack of low light performance. Again, very impressed with the flash capability from such a tiny unit.
Overall, I would say the still shot capability is quite decent. This is by no means going to replace a DSLR or even a decent point and shoot, however, it will still allow you take very decent still shots if you don't want to lug around you main camera.
OTHER:
I think the build quality is decent. I was expecting the unit to feel very plasticky and it doesn't. Yes, it is quite light and, no, its not going to feel like the magnesium body on your high-end DSLR, however, I still think it feels good in the hand. It has enough heft to it such that doesn't feel chinzy....don't know how else describe it. Yes, the door that covers the battery and memory card can feel a little loose, but, honestly, it doesn't bother me. I am a bit careful with the USB slide out connector, but again, this doesn't bother me. I'm generally careful with my things, especially electronics. If you're going to let your 5-year gnaw at the unit or throw it around, then yes, things will break.
Having the lense automatically retract and cover itself is nice in terms of dust/dirt protection and longevity.
TIPS:
Some handy tips if you don't feel like reading the manual:
1. Pressing and holding down the "Set" button will take you to the "Self Timer" mode for stills.
2. This is a good one.....holding down the "Rec/Play" button, BEFORE the camera is powered on, will allow you to view your stills and videos, without the lense deploying!! I really like this as previously, I was using the on/off button to turn on the unit prior to viewing my pics/videos, which would deploy the lense, making the unit more cumbersome and increasing the risk of damaging the lense.
3. If you hold down the "up" arrow button while powering the unit on, you will get to the "Operation Beep" menu, which will allow you to turn the beeps on or off.
CONCLUSION:
If you're in the market for a pocket camcorder and are realistic about the capabilities of a pocket unit, I think this unit will not disappoint...in fact, I think it will surprise you. My focus was on Video/picture quality and easy of use....the VPC-PD2, in my humble opinion, stands out. If you don't care of about picture quality (which begs the question of why you're spending your money on a camera/camcorder) and form factor is your primary/sole criteria, then consider one of the Cisco FLIP units. I was interested in a unit that performed first and was pretty second. This was the one for me, hands down.
DON'T FORGET:
1. The mini HDMI to HDMI cable. The videos on this unit look great on an HDTV via HDMI. I actually think they look better than viewing the files directly on a PC, at least with Windows Media Player.
2. The case. I picked up the Caselogic Pocket Video Camcorder Case (TBC-312) and it fits beautifully. Very nice case. Please don't confuse this case with the other Caselogic pocket "camera" cases. This is their pocket "Camcorder" case. Use the model no. and you'll be set.
3. Picked up a Transcend 16GB SDHC card. Works just fine. I went with a Class 6 card, given the HD recording. No speed lag issues whatsover. You may be able to get away with a Class 4 card; I haven't confirmed.
THE REAL KICKER:
Picked the Camera up for $142.00 here on Amazon. 6 days later I see the unit on sale for $99. Was pretty bummed. Called Amazon, they refunded me the difference immediately.....now that is called service!! This camcorder is excellent of $142 and an absolute steal for $99. Yes, I would pay $142 for it again.
STAR RATING:
Why 4 stars? Simple, I am judicious with my star ratings. To me, only a perfect product deserves 5 stars. Is the VPC-PD2 a perfect product? No. Is it a very good product? Absolutely. Therefore it gets a 4 star rating.