I was going to use it for home videos. Maybe make my own little videos/ short movies and use it to make reviews for my youtube channel.
For YouTube, Flip MinoHD, Kodak Zi6 HD, and Sony Webbie line of camcorders r perfect.
I recommend you check the Aiptek GVS, a perfect value with decent video/audio quality.
If you want some more advanced and yet relatively cheap camcorder ($600), you should check Sony Handycam HDR-CX100
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