Hey! You should know that Panasonic has released a newer version of this product: the Panasonic W570.
Panasonic's HC-V550 is a camcorder that's big on zoom but small on price. Retailing for under $400, this mainstream cam offers a big 50x zoom with hybrid image stabilization. With 1080/60p HD video at 28 Mbps, video quality should be pretty solid for the price too. The zoom with the footage quality makes it a nice option for shooting sports. The Panasonic V720 has a better sensor and will offer improved low light images and still pictures over the more budget-friendly V550. For the price tag, the V550 is a good option.