First I have to say that I own the 3 generation of Kodak pocket Cameras, and this one is by far the best one from Kodak's portfolio. However; if you are looking for a camera that is jitter-free, this one is not for you. It does have an Electronic Image Stabilization (EIS) but, well, it's still a little shaky. It's a much better improvement from the previous ones; the pan and scan is a lot better, but there are still flaws.
The zoom is also not very nice (I don't recommend zooming while filming; a regular digital photo camera does a better job at it than this one) and Kodak removed the AA battery for a proprietary battery pack, which means that if you run out of battery life and you are at Walt Disney World while filming a parade (like it happened to me last time), well, you are out of luck. The previous models just take regular AA batteries, which is much better.
It is a good value for the money, but not awesome; hopefully Kodak will finally understand they need to put a zoom in and out that resembles it's digital photo cameras and the next generation will be hopefully better.
If you are into gadgets (like I am) them it's a buy it now; otherwise sit this one out and wait for another generation.