Ok so my wife picked this up for me today at BestBuy for about four and a half Benjamin's, actually 10 under that. Anyhow. First the PROS. It does great in indoor light during the evening. It even has a low light setting for VERY low light. The projector is very cool, however for me I don't know how often I would actually use it in a practical situation. It's rather small, which is good, makes for easy carrying. Takes standard SD memory cards. Records audio in stereo, picks up the sound well, has some focus following feature where you can long press on a subject in the viewfinder and it will keep the subject in focus so long as it can see them, while they move around the scene. The zoom is great, very clear and VERY STABLE, great job on the image stabilization!!!! Also the MACRO is GREAT!!!!!! Seems like you can practically put something all the way up to the lens and it will focus on it.
CONS: The still image quality is GARBAGE!!!!!!!!!!! My EVO 3D does FAR OUTSTANDING SUPERIOR photos compared to this camera. This camera claims it can do 5.3 megapixels, my EVO 3D does 5.0 megapixels. There is no excuse for the horrible lack of quality for the stills in this camcorder. Maybe many or most people won't use that feature, but you pay for it, it should be more than a novelty. Also most people probably won't mind but there is no input option for different microphones, nor are there inputs for headphones. Also: It is *NOT* truly FULL HD!!! It does NOT do 1080P, only 1080i. There IS a difference!!!!
Personally I feel this camcorder is overpriced. We are probably returning it tomorrow. If it was about a hundred bucks less, I'd probably keep it. The projector feature seems weird as I just don't know how practical it is. And the projected image is only at 640 x 360, that's not even VGA resolution. Seems just like a gimmick to sell the camera. If it was a higher res ok.. but still not sure where the niche is for it. Some people will LOVE this camcorder. And to be honest, if it did FULL 1080P, I would probably keep it. But as it is.. it's getting returned tomorrow.