Firstly, the price: I got mine for £128 and its just gone in the sale at local Sony shop for £150, so Amazon is the place to buy!
Secondly, the features: This camera isn't loaded with feature its plain and simple, point and shoot. It has a fantastic 'Night-Shot Plus' mode which works fantastically!
Third, recording quality: Quality of the image is absolutely amazing and the 20X zoom is all you need and has perfect clarity. An old JVC DV camcorder I had (which actually broke after only 2 years!) was awful with tape noise and also zoom noise, but this is very minimal only a slight bit of tape noise can be heard when recordings are very quiet.
Fourth, the design: The fact that this has a touch screen (which is really easy to use and very clear) means that there are very few buttons on it making it look less vulgar than many other products and it is very small and compact and looks great!
Other reviews say that it doesn't come with enough accessories but this is supposed to be a bottom of the range stripped down model so you can't expect too much for what your paying, besides I got 5 tapes for a tenner at ASDA and Firewires are dirt cheap if you look in the right places.
So my advice, don't be expecting too much but get it if you don't wanna spend an arm and a leg.
This is what I got for Christmas and was absolutely overjoyed with it!