Yesterday I saw what is hopefully going to be the coolest new practical toy i have bought in ages.
The 720p HD mpg4 footage looks reasonable and the camera is tiny.
The camera takes the SD card format and apparently can fit 1 hour of its’ highest quality HD onto a 4GB card. There is rumors of a 16GB card becoming available. Sweet.
Some example clips are available here:
A review by a guy on youtube: