It's a good start because image quality is good and different lens types (such as fisheye) provide an added degree of creativity.Underwhelming.
- Not Full HD
- No autofocus in movie mode
- 5 minutes recording limit for HD. 20 minutes for low res (which I don't care about)
- Apparently, no mic input
- Motion JPEG + SDHC (instead of Compact Flash) is a poor combination
- 12-bit A/D conversion
- No AF fine tuning
Motion JPEG is not a good choice for high-definition, but it is easier to edit on PCs than AVCHD, which requires lots of memory and fast processors.
SDHC capacities are pretty high, as are their speeds, so I don't necessarily see this as much of a handicap.
Manual focus is also okay for short clips, though AF would have been nice. Maybe this can be remedied by a future software upgrade.
When digicams first incorporated movie modes they too were limited to anywhere from 30 seconds to 2 minutes. Only after several years did they manage to become unlimited (i.e., limited by memory card capacity).