Pros: compact, HD, versatility
Cons: no zoom, not good at high contrast
This thing is just about perfect. I own a Nikon F4, Nikon D200 and a Panasonic Lumix P&S. This little baby really work well, takes excellent HD videos. I've found that I'm wasting my time using it on super sunny days because the snow is totally blown out. I've also used it for scuba diving and it worked really well with the underwater wrist attachment. I plan to use on my new mountain bike next year.