I purchased this camcorder recently and I have to say I am very pleased with it. It's very simple to use and the quality of the film in HD mode is very good. The ability to use manual settings was very important as I am intersted in experimenting with film. I don't really use the on-board editing options as I prefer to edit on my PC. Being a Canon product the lens is very good, it produces sharp image quality and rich colour (using the X.V.Color setting). The 'powered IS' option is very useful and makes it much easier to use handheld ,especially at full zoom - it's great for use when walking whilst filming also. The only reason I didn't give it five stars are:
a) the microphone is quite poor (I believe this is problem on all camcorders, but you can buy attach an external mic); the touch screen is not very sensitive (this may be because I am used to using an iPhone). Overall I am very pleased with the camera and would recommend it.