The camera I have was just under 1k and just because a camera is OVER 1 k does not mean it will be any better.
Remember that you can always get a new one in 2 years and in the mean time this one will do just fine. It produces great quality videos.
http://www.tkqlhce.com/click-2758126-10526512
google the cam model and see some of the clips people have online.