A friend showed me his Kodak Zi6 camcorder recently and I admittedly got all excited about HD pocket camera for just about $200. I did some research and found out Kodak is not the only one. There is Flip mino  and Vado HD, too, the latter being my favourite.  It's well  designed, has great features, and is priced just right.  Compared to Kodak it has fewer controls which is bad and good at the same time, but most importantly it comes with whooping 8GB of built-in memory - enough to store 4 hours of HD quality  recording, according to the specs.  Speaking of HD video quality  - now, that looks great:

Auto Show Singapore from Vado on Vimeo:
http://vimeo.com/2348837
Singapore Bird Park from Vado on Vimeo:
http://vimeo.com/2330852

Full Specs:

Memory size: 8GB
Sensor: HD CMOS (1280 x 720)
Video quality (pixels): 1280 x 720
Low light performance: Extremely high sensitivity at 3.3V/lux-sec
LCD: 50.8 mm (2") diagonal, 16 million colors
Screen resolution (pixels): 640 x 240
Zoom: 2x Digital Zoom
Recording capacity: Up to: 2 hours (HD+ quality), 4 hours (HD quality), 8 hours (VGA quality)
Digital video format: H.264 AVI at 30 frames per second
Speaker and microphone: Built-in
Software: Built-in
TV out: RCA, HDMI (HDMI cable included)
Tripod mount: Yes
Power saver: Yes
Delete all, Play all: Yes
Set Date/Time: Yes
Set frequency: Yes (50Hz or 60Hz)
PC connection: Built-in flexi USB connector
Battery life: 2 hours2 3
Online sharing: YouTube™, Photobucket™, Box.net
Dimension (H x W x D): 3.9" x 2.2" x 0.6" (100 mm x 55 mm x 16 mm)
Weight: 100g (with battery)
Price: $199US