I received this yesterday (22 Apr 2011).

INITIAL THOUGHTS
I wanted a basic camcorder to capture the typical kids events, vacation stuff, etc. I'm not trying to make pro quality videos, so the Standard Definition is fine...the widescreen format is a plus. Prior to purchasing this, my main concerns were what file type it would record as and how smoothly the transfer to my computer would go. Videos on the SD card are recorded as a .mod file which are converted to a .mpg during transfer (if you use the Pixela software that comes with the camcorder). Transferring to the computer was pretty straight forward and fairly intuitive...my old Vista machine with a 1.8Ghz processor easily handled the transfer and conversion. The size of the device is great; it truly fits in the palm of my hand. The ergonomics are laid out well. On screen menus are not overly cumbersome or confusing. The LCD panel is very bright and readable outdoors. Video quality is what I expected from a camcorder at this price - not eye popping good, but not grainy and jerky either. Videos are clear and smooth. I haven't taken enough videos to judge the battery life or video quality in different settings. Overall, I feel like I got what I paid for. At this time, I'll say, "So Far, So Good".