Canon HV10
I’ve had my eye on a few high-definition video cameras for a while. I finally made the jump this weekend and picked up a Canon HV10. There are a lot of cameras out there but I think this one is the best (until xmas when a better one comes out of course). It's as small as a HI-8 but the video is incredibly sharp and the colors have terrific contrast. It also has a very fast optical zoom and an internal stabilization feature that comes in handy because I never feel like schlepping a tri-pod around. Finally, it is a good all-in-one device because it shoots 3 mega-pixel stills that are saved on a separate SD card. This is a key feature for me because I don't like traveling with a suitcase filled with power adapters.
Did I mention that the Canon was $1200 USD and change? I love this toy friends!!!