I finally got a chance to play with it today, and this thing is Totally and Completely Awesome.
I had it up and running in about 2 minutes. It takes very nice quality video with sound. It stores 60 minutes of video. It has an embedded USB port so you just plug it into the computer and away you go. It works with both PCs and Macs. Even transferring and saving video is a snap, what with all necessary software stored on the camera itself.
Fantastic, fantastic, fantastic. I'm totally impressed. I see a future that involves more video. Much more video.