well, to start I nothing of this camera. But you get what you pay for. I bought a $400 JVC MiniDV camcorder (GRD270) and still was not all that impressed with the video, especially the low light. I like the video output of my canon SD300 digital camera almost as much, although you dont have the zoom and only 8 minutes of digital vid.
I know its out of your price range, but you would probably be just as satisfied with something like the casio z750 digital camera, which has a 7 mp camera and tv quality video in mpeg4, which would give you about 45 min of vid on a 1 gb SD card. and the pics are great.