Well, this is my first camcorder so I cannot say that I am much experienced with camcorder. However, I am very satisfied with this camcorder. There are several points that I want to write down. First off with the pro:
1. Being a photography type of guy, I am very picky with picture white balance, especially indoor pictures. The pictures should show as close to the real envirenment as possible. The pictures should not be too yellow or oversaturated with color from the incandescent lights that are installed in my house. White balance problem is one of the issue that I have to deal with alot of times when taking pictures indoor. I am happy to say that the white balance from this camcorder exceeds my expectation. I don't have to adjust the video color balance because the camcorder captures the color as is. Very nice.
2. Another thing that I am very excited about is the focus. I really wish my SLR camera can do this, but I don't think Nikon can do it. I have two kids, and taking pictures of their faces in focus is the most important thing. I can have each of them at each side of the frame and the camcorder can recognize their faces (with red square indicated around their faces) and focus accordingly. I wish I can do this with my SLR camera, but all the focus sensors are located near the center and only a few of them are cross type (more sensitive sensor that can help the lense focus faster). The most expensive professional lenses don't help. This camcorder can focus very well. I am extremely impressed.
3. Ease of use. What can I say. I took the camcorder out the box and just used it. No need for the manual. It's easy to get around the menu system. Although there are some little menu-browsing issues that should have been corrected in firmware update. Overall, the camcorder doesn't have too many unneccesary features that I don't need, just the features that I think are important to take videos without having to think. I like the "My menu" feature. I can customize it to include only the stuffs that I need when shooting videos. I can access "My menu" easily while filming too. This is great.
4. Touch screen. Being a photography guy, I can only say that I like to use the tilt screen to see what I am shooting instead of through the optical view finder. Being a person that likes to try new thing, I think filming using the LCD screen is great. Try raise the camcorder above your head as high as possible and shoot downward. Can you do that with the typical SLR camera? I think not. I can see everything on the screen and control my shooting using the same touch screen as well. Awesome.
5. Low light performance is great with this camcorder. You should see it to believe. It's better than anything I have tried. Sorry, this is my first camcorder. :-)
6. Oh my shaking hand goodness. This camcorder can really dampen my shaking hands. What can I say. I love it. I wish my wide angle and normal zoom lenses can do this. Make me wonder how the Sony in-camera stabilization work on their SLR cameras. I am interest.
7. Other good things: 64GB is pretty plenty; Very fast download to my computer too; It's light and small. My camera is about 5-10 times as heavy. :-( ; Full HD is good(1920X1280 @ 60 interlaced fields per second). Convert the AVCHD files to 24p or 30p using Adobe Premiere software or other software or just watch the 60i movies on interlaced TV for smooth playback.
Con? Not many considering what I paid for this compared to what I paid for my SLR camera and all the professional lenses I have. OK, one thing but just a little thing: the G lens from this camcorder shows a little too much barrel distortion. Maybe Sony should put the Zeiss lens on this camcorder. Nahhhh. I am happy with this purchase and the price I paid for it.