JVC Everio GZ-HM450
1080p HD video; 40x optical/70x Dynamic zoom; 1.5 megapixels; CMOS sensor; Konica Minolta HD lens; Optical image stabilizer; AVCHD & AVCHD SD dual format; 2.7-inch touchscreen LCD (230k); Face recognition; Animation effects; Time-lapse videos; Captures to 8GB flash memory/SD/SDHC/SDXC
The JVC HM450 is a low-to-mid-range camcorder; that basically means 1080p video from an average sensor. It's HD video on a budget, and there will be video quality sacrifices because of it, but the feature set is stacked enough to compensate somewhat. Take, for instance, the massive 40x optical zoom and the time-lapse capability. The HM450 is a reasonable $350; also check out the HM440, which records exclusively to cards.