$230 will get you what looks like a Flip Mino camcorder, but has the added benefit of being High Definition. That means 720p quality at 16x9. Did I say $230 yet? Wow, that is amazing!
The only downside I see to this, is that it has an internal rechargable battery that CAN NOT be replaced. Think iPod Nano (at least the older ones). This single fact alone prompted me to buy the Flip Ultra, which has replaceable batteries. Just something to keep in mind...but at $230 for HD, wow, it's gotta be the way to go!