I've had this camera for about a week now and have been loving it ever since. I've used another "flip" camcorder and the Bloggie Touch puts it to shame.

Pros:
1. Love the quick on and record. Great for spontaneous videos of the little one.
2. The touch screen interface makes it both useful and fun to use the big screen.
3. The still pictures come out brilliant, when the lighting and focus is good.
4. The battery charges up super fast and stays with you for a whole day of shooting.
5. The image stabilization is good. You can take decent video while walking around and panning too. Note that it is not optical, but electronic SteadyShot stabilization.
6. The lens is very good quality and the pictures are crisp.
7. Really like the "snap picture while recording" feature. I find myself using that feature the most. The video doesn't stall while the picture (full 12M resolution) is being taken and since the focus and exposure are usually locked well while you're in the middle of the video, the pictures come out great.

Cons:
1. In low lighting, there is quite a bit of graininess and using the digital zoom makes it much worse.
2. While the lens is good quality, the auto-focus mechanism is really very slow. If you move around the camera too much before focus has locked on, the auto-focus will almost never lock.
3. What I really miss with this camera is a flash. Even a tiny one would help with low light pictures.
4. Minor annoyance: to preview a picture right after you take it, you have to go through at least two clicks. Sony could have designed it so that it always goes to the last picture taken by default, instead of the thumbnail list of all pictures/video on the device.

I decided to purchase this camera over a still camera that can do video because:
1. This one is dead simple. One button to turn on, one to take video and one to take stills. This makes it both easy and quick to use.
2. This one can do 1080p video and 720p at 60fps.
3. Its under $200 and is smaller than your phone.
4. Its got internal flash and USB connector - no more SD cards or cables. 8GB is enough to get you through the day before you can come back to your laptop to dump the pictures.

I decided to purchase this camera over other ones in the same category because:
1. Its got a big display and the touch screen is fun to use.
2. Its got a better lens system than the others.
3. Its got (some) image stabilization.