I have this one's big brother:
http://www.usa.canon.com/consumer/controller?act=ModelInfoAct&fcategoryid=174&modelid=12810
Mine is the ZR700 but that seems to be a little out of your price range. Good quality video in a palm size camcorder. The LCD is a little grainy, but the picture is much better on a computer or television screen. It is a mini-DV. I thought about going with a mini-DVD but to me it was just not worth the extra $$$! Good quality and is well built, comes with everything you need to start with the exception of the tapes! Tapes relatively cheap, I think $16.00 US for a 4 pack. Running 60-90 minutes depending on filming type! Only downside seems to be the battery life, but I have yet to have a camcorder I could tape all day with! Back-up batteries pretty cheap as well! I think $45.00 US. Hope this hepls!:wave: