ProsNo tapes, no disks, no problem. Download video directly into PC for editing and storage, or burn directly to DVD. Four modes of video quality gives you flexibilty when managing space on the hard drive, also has a memory card slot for emergency storage of video or pics. The stock battery will give you about an hour of record time, so a more powerful backup is recommended, (standard procedure for anyone who's ever owned a camcorder). Very easy to use and lightweight. Thumbs up to the large OPTICAL zoom.
ConsThe low light option does not work nearly as well as the Sony, and the built in light will not do much except to drain the battery quickly. The jury is still out on the picture quality. I don't think it is as good as my old mini dv format, even on the fine setting, but it is close. The small size is a minor inconvience for my larger hands, but fits my wife perfectly.

Review:Great little camcorder if you are tired of messing with mini dv tapes, or dvd disks. It does probably lack some of the bells and whistles you'll find on the Sony's, and other more expensive cameras, but is definately the best bang for your buck in this price range. I would recommend this camcorder.