Looking for a good video camera

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CalcProgrammer1

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I'm looking at getting a video camera (camcorder) as my current one is ancient and my digital camera is a few years old and has poor video as well. I know most are full HD but I want one with the best picture (I know most use MPEG4 compression so the compression levels are important). I also would like one with good low-light capability because most of what I'm using it for is indoors. I want one with at least some optical zoom capability. SD/SDHC is recommended as I already have SD equipment and don't want to deal with Memory Stick or other formats. If it can take good still pictures at >4MP then it may replace my current digital camera as well.

I'm looking to stay under $500, preferably less but I can always cut back. I won't be buying it for a while yet but I haven't looked at cameras for many years.
 
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