This older model has since been replaced by the Flip UltraHD, but here's what we had to say about the original Flip when it came out:
The Flip Video Camcorder is an intriguing new product that looks to be the ultimate no frills digital video recorder. It's winningly simple, using 1GB of built-in memory to record up to 60 minutes of "TV Quality" video (VGA 640 x 480 30fps), and making it easy to transfer your videos to your computer and upload them to the web. The USB computer connection is built into the camera, with a swing-out arm you can plug right in.
A particularly special feature is the ability to upload directly to sites like YouTube and Grouper without any hassle. If you've got an account, you can easily publish your videos online with just a few clicks.
The Flip Video Camcorder is also available in a 30-minute (512MB) version.