You are correct, how difficult is it to make;
An hd2 with optical stabilised lense, maybe slightly better bit rate and improved speed/start-up etc.
Kodak have done the hard bit but forgot to add any video options to ice the cake!!
I wonder though if you set the kodak to a manual wb if it will hold it in video mode, overall though I think I can live with the wb altering more so than the video wobble, plus the improved wide-angle and sheer ease of use of mp4.