What I loved:
- Portability: if you aren't taking your camera with you, you aren't making those memories. I needed something that I would want to (or at least, not mind) carrying everywhere. And this one is perfect. Till the next 'world's smallest' camcorder comes along!
- Image quality: I have a regular television and this has more than enough resolution for that. The DVD's do have lower resolution than you'd ideal want (especially if viewed on a laptop screen), but I found it easy to live with that flaw
- Battery life: Pleasantly surprised. I'm getting a full day's output out of this on a single charge. Like another reviewer put it, you likely won't need another battery

Not-as-bad-as-I-thought:
- Noise: A little whirring as you record, but isn't loud enough to be a problem
- MicroMV compatibility: The supplied software (especially Movieshaker) is really good. Last I checked, two of the biggest software editors (Ulead and Pinnacle) supported this format. Sony's support for this format continues to be a little suspenseful - they've denied abandoning it, but haven't committed to supporting it in the future either

the low points:
- Still image resolution: Less than 1 MP! Why, god, why?
- Low light photography: Doesn't really exist. Neither does a flash for the camera

Near HDTV quality means zipideydoodah if you miss the shot because the camcorder is not always available in your pocket. Because of this, 3 times as much video is being taken with the DCRIP1 in my house.

I haven't had any problems converting the tapes to DVDs. I used the Sony provided MovieShaker app to rip them to disk, then MyDVD to shoot them to DVD. More hassle because this unit isn't automatically recognized by standard Video applications due to it's nonstandard driver. (Gee- what a shock that Sony often ignores standards). It is nice the MicroMv tapes have memory to store the stop points and recording date/time of the clips, but the feature is only a nice to have. If it was more taken advantage of my software programs I use, it would be a relevant feature.

This extreme portability might not be worth the price premium. After all, there are some good Mini tape camcorders that though not pocketable, are very close to this unit in size, and probably have better video output quality.

My unit quickly had a problem with lens cover not opening completely. It is an annoyance and probably coverred by warranty but I don't think I'll send it back, since it is easily slid open manually. This sort of think may be an inherent risk due to the hairy mechanics on minature cameras. Might be something to consider if you are in a more dusty or marine environment as I am.

The integrated camera is what you'd expect for a 1Mpixel. I took some snapshots- but there are many very decent >4Mpixel pocketable cameras so don't rely on this one for being an all in one. Maybe in a few years we will get a true all in one camcorder/ digital camera. We aren't there yet.

I'll echo what someone else said about low light. It is ok, but not like the ones that take shots in utter darkness.

If you decide to buy- get some extra tapes off the net because the local stores charge a fortune for the MicroMVs- that is, if they even have them. I bought both tapes and camera from Jas-store. Very fast delivery, no complaints or hassles as usual.

One last thing- The battery life on these puppies is a lot better than the old days. My habit was to buy two extra batteries. I didn't for this unit and probably won't need an extra. If you are going to be shooting a lot before getting to another outlet, that's another thing but I shot for a full day at disneyland and still had plenty of juice.

If you have an Apple, skip MicroMV.

The still-camera mode is more of a novelty given its relatively low resolution, but I have used it for e-mail and Ken Burns-style transitions in my home videos! Battery life is very good for a camcorder this size...

The unit's ultimate feature is its incredibly small size...You can carry it on your belt with the available HandyCam case and its not much larger or heavier than a last-generation cellular phone. It even fits in a coat pocket!

Some will argue that consumers should wait until next year when tapeless units this size will appear, but tape-based units have one significant advantage....When on vacation, one can always bring extra tapes. When your tapeless unit is out of memory, downloading to a laptop is less convenient and having spare memory is an expensive option!

This is a perfect camcorder for the consumer looking to capture family moments and not wanting to feel encumbered carrying a camcorder. Given its small size, I find I am carrying it more frequently than I did my previous larger miniDV camcorder.