Even the simple point & shoot cameras are capable of pretty good video.
This clip was made handheld with a Canon SX130 in SD mode (the HD makes the file size very large).
Meh. Nothing special especially considering my iPhone can do much better quality. If you look at $300 P/S cameras compared to a $300 camcorder, you'll usually have better quality from the camcorder. Point and shoot cameras aren't meant for video (or arguably photography).
