I'm fairly happy with this camera, but if you are interested in purchasing one, here's my two cents:
PROS: relatively inexpensive; unlike the Flip UltraHD Camcorder, 120 Minutes (Black)
, it does 1080p; uses SD or SD HC memory cards, which means you'll never run out of space (and you could get more than the Flip's 120min, though battery life might be a limiting factor); there's 2 lens settings--extreme close-up, and everything else; easy to use; very portable, with built in image stabilization (which I'll qualify, as it is not as good as it sounds); HDMI cable included (these are notoriously expensive in stores, and since it's not a standard HDMI cable, you'd have to be careful when ordering online); plug and play in your HD TV; the free ArcSoft software is something you'll get a kick out of--try the "watercolor" effect, it's pretty cool; replacement (rechargeable) batteries are inexpensive as well (around $10, shop around and you can get 2 for $10, see High Capacity KLIC-7004 Digital Camera Replacement Lithium-Ion Battery Compatible with Kodak KLIC-7004, Fuji NP-50, Pentax D-LI68
); microphone jack allows you to upgrade the sound quality (microphones range in price from $10 to over $250 depending on how much you love this toy).
CONS: though it does 1080p, in low light, you'll have a tough time believing it is indeed so--low light image is sub-par; there's a zoom feature, but it's really the opposite of smooth; audio from the built in microphone is really poor (but even a $10 to $20 external microphone will make up for that in a very noticeable way); an SD HC memory card is not included, and the on-board memory is simply not enough (to qualify this, you can get an 8GB card for $20 , a 16GB for twice that; at the present 32GB are waaay too expensive to consider for this camera); for those that are gadget happy, the menu options are best described as spartan; lastly, no case is included.
If you've recently purchased a digital camera, it might double as an HD camcorder, and you wouldn't need this.
My advice is, before you purchase it, go to a brick and mortar store, ask a salesperson to hook it (or a similar product, as most stores won't carry this brand) up to an HD TV to get a notion of what it can actually do (this is horrible advice--I'm recommending you take advantage of the sales clerk when you don't intend to purchase from the store--but viewing the recording on its tiny screen can be deceptive in terms of video quality). Also, be aware that you'll need to spend some extra $ for an SD card at the very least.
Added on: some other reviewer has a maddening problem with me pointing out the poor audio, and does not seem to understand why I'm saying this--the Kodak people must agree with me however--see their product description, it points out you can get great audio, stereo, IF YOU USE THE JACK FOR A MICROPHONE! I've tried recording without a microphone, and it sounds like "this", and I tried with a cheap Sony stereo microphone (used costs $10) and it sounded like "T H I S". Jeez, I gave it a good review, why do some have to take it so personally; I find people with 60" tvs can be very touchy, and somewhat condescending... I've come to love this camera, I use it even for photos and half the time they turn out great (so I just take twice as many photos); but I don't sleep with it under my 60" pillow, and pet it while whispering "my precious, my love". The only thing that bugs me is that I paid almost full price...