This brand new Video recorder by Zoom is truly impressive. Not only does it record your favorite band in video, but this cheap toy comes with two stereo condenser mikes for HD audio. This is by far the best video recorder i have seen. at least on that can easily fit into your pocket. This video recorder can be purchased on amazon.com for only $250. I recommend this if your looking for an inexpensive camcorder that specializes in audio and not video. The 640x480 display is not quite a work of art as the microphones, so this isn't your average youtube camcorder. Get it quick, I expect it'll be gone soon.
http://gizmodo.com/5382720/now-available
This is really something else. I like the idea of higher-fidelity mobile video.
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