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Canon XH A1
$3300
If you see yourself recording your child's life like a professional documentary filmmaker, this is an outstanding option. Records onto either MiniDV Cassette tapes or Flash Memory Cards (and comes with 16 MB Flash - SD Memory Card).
Manufacturer‘s Description:
"For the commercial, and television production professional, the XH A1 combines the outstanding performance of a 3CCD, High Definition camcorder with an array of advanced features -- all in a compact design. Plus, with its Genuine Canon 20x HD Video Professional L Series Fluorite Zoom Lens, 1/3" Native 16:9 CCDs (1440 x 1080), and DIGIC DV II image processing, the XH A1 ensures uncompromising image quality"
CNET.com Editors' Choice. Editors' rating: Excellent. The good: Excellent video quality; extremely customizable; great lens and optical stabilizer; fast focus. The bad: No 720p recording capability; coarse, low-resolution LCD. The bottom line: Canon's XH A1 and XH G1 are excellent camcorders for entry-level professionals and independent filmmakers, with hard-to-beat prices for what they offer.