I got mine at best buy about 2 months ago (wanted to really get to know it before I wrote a review)
Where I'm coming from:
I am an amateur skateboard filmer who has professional taste (some of my friends do it for a living, and I can't be outdone, lol). I had a budget of around $500 for a new HD camcorder that I could attach conversion lenses too (primarily wide/fisheye)
I'll make a long story short:
WHat's Great:
-I finally realized that the cameras "Wide/telephoto Conversion lens" setting actually allows you to use auto settings with a fisheye (which has historically always been a manual setting only kind of lens) and my clips are in focus, and the exposure is perfect every time. This is HUGE because any camera without a viewfinder is going to be impossible to get all the manual settings perfect, ecspecially in the sun.
-High color setting is gorgeous, particularly when filming bold, bright colors
-High frame rate setting is awesome, slow motion looks perfect.
-Easy to find any cheap, off brand accessories, cuz Sony's stuff is way over priced(on amazon you can find a cheap extra battery, lens, lens hood, etc...)
-Overall Size makes it easy to store, and travel with.
What's not great, and infact kinda sucks
-A really good computer is almost a must if you want to watch or edit your HD vids without needing an amazing amount of patience.
-Shooting in Standard Def produces a dramatically reduced quality (and I don't mean the resolution, I mean the overall quality is terrible (I have a point and shoot sony Digital camera that shoots SD 720 video, and it blows this camera's StanDef away, even though its 5 years older)
-SHooting in Standard, or low quality HD will give a "ghosting" effect (basically means it looks like crap when played in slow motion) so with fast moving subjects I'm usually forced to use the 60fps setting...which looks amazing but produces enormous computer files.
-It's compact size is ideal for travel, but not for steadiness, and with the steadycam function turned off (for fisheye) its hard to keep the thing from shaking without using an additional handle or shoe-mount (but those are cheap, and pretty useful anyways)
-I run a 64 bit windows 7 system, and therefore can not use the supplied disc, which I normally wouldn't even use except for the Full user manual is on that disc, and the downloadable version still wont work on my computer (Sony knows/admits this, yet no solution yet?!)
The cons are more plentiful, but the pros outweigh them in my opinion. So, anyways, for what I paid, I am very happy with this camera. I held it to extremely, probably too high standards and didnt find enough reasons to return it for another. (its now $100 cheaper!!!) My friends who have VX cameras (which are kinda the pro versions of Handycams) not only agree that my clips look great, but also seldomly use their cameras anymore, just b/c the size, weight, and ease of transport is so much easier with my CX 130.
Even without using a lens, the camera works/looks great....Just make sure you shoot in HD and make sure your computer can handle HD.