This camera is by no means the be all and end all but at £1000ish it's fantastic. The image quality is incredible and it handles low light pretty well. Though there aren't many manual controls, generally if you pre-set the exposure, white balance etc. you won't have a problem and the assignable ring is enough to get by with.
I bought this camera about 6 months ago and use it for music video production and those I've worked for have been blown away by the quality. Though the body of the camera may feel a little light and plasticky, it does wonders for client confidence. If someone sees me walking around carrying this camera they assume I'm a professional and it's great to see their faces light up when I pull it out of a bag to start shooting.
Honestly, for the price, this is the best video camera around that I could find