I've made a video review, using the Flip Ultra Camcorder, so that you can see the audio/video quality (Keep in mind I had to compress the video a little bit for Amazon), and I also show how to use the camcorder.
In my opinion, this is an excellent camcorder for a novice, or someone who just wants an easy to use camcorder that is small and compact. I personally don't need more than 2 hours recording time and it's wonderful not having to purchase tapes.
The price is actually less than many digital cameras. I've wanted to own a camcorder for a long time, and the Flip Ultra has finally met my standards for: quality, value, and ease of use.