I havn't gotten to play with one, but for the price you can find better digital cameras that take decet video. And the one down side is that it has a fixed memory, no way to upgrade for more movie time or pics.
If your looking for a video camera, I'd look into a Mini DV Camcorder. They are cheap, $150-200, and can get anywhere from 60-90min on film per tape. And tapes are cheap. And most will let you hook them up to a PC and download the film to the PC.