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400 is pretty low baller. Check out the panasonic GS series. The GS-320 runs around 450 dollars. It stands out because it has 3 ccd's which is very rare for camcorders in it's price range. Decent manuel features, otherwise it's about what you'd expect for the price.
they realized some asian was telling everyone to buy 320s so demand was high, and as my basic econ teacher says if the demand is high.. the price will be too!