Now here's an interesting turn of events. If you need HD content cheap and easy, Canon just released a $200 cam... yes, you read that right .. $200 for HD video.
pocket-sized Webbie HD camera ... record HD MP4 video ... plays nicely with sites like YouTube (has software to auto-upload) ... Cram up to 8.5 hours of HD video footage or thousands of photos (based on 16GB media) on ultra-small Memory Stick PRO Duo media....
News article
Sony web site
I imagine the video compression is pretty intense like the DVD recordable cams, but for amateur HD, I'd think this might be worth grabbing.