I bought this camcorder last week and have just used it to record a friend's wedding. It is my first camcorder so bear that in mind!
Hardware:
The camcorder fits my hand nicely after adjusting the strap, with the small number of controls in easy reach. Both the screen and viewfinder are bright and easy to use, my only gripe is that several of the controls are on the LCD screen surround, so you can't change them if you are using the viewfinder.
The zoom is very good and can be controlled smoothly while recording, personally I wouldn't recommend you zoom in too far without a tripod, the image stabilisation only compensates for a small amount of movement.
Image and Sound:
The sound quality is excellent with the built in stereo mic, it recorded both load string music and the ambient sounds at the reception with no distortion. It easily matches any recordings I have heard before with no hissing etc.
The image is good, but not excellent, when played back on a TV via the supplied AV lead the quality is maybe half way between VHS and DVD, fine for home use, but if you want broadcast quality I would look elsewhere.
Video Editing:
After buying a firewire card and cable (none supplied with camcorder) it was very easy to download the footage to Windows Movie Maker, just plugged the camcorder in and Windows XP recognised it. It downloads in real time, so approx 1 hour per tape, but that is due to the tape storage medium I guess.
Pros:
Excellent value
Excellent sound and good picture
Records in widescreen
Easy to use
External mic socket for recording interviews etc
Cons:
Supplied battery only lasted for 45 mins of footage (larger ones are available from canon or well known auction sites)
Some controls not available if using the viewfinder
No DV-in (can't send edited video from computer back to tape)
Summary:
A nicely built basic camcorder with excellent sound and good video. I would recommend this to somebody who is buying their first camcorder, and who wants it for home use. It is easy to use and has some more advanced features if you want to experiment. If you plan on doing a lot of recording you will want to buy a spare battery.
Excellent value for money in my opinion!