Summary: Overall, the camera produces excellent-quality video. The anti-shake thing works well, although it took a bit of getting used to; once I knew how it would affect the image, it became intuitive. The anti-shake is easy to turn on and off too, with a dedicated button on the camera. The auto white-balance thing worked extremely well; within a second or two of turning on the camera, it figured out how to compensate for LED lights, florescent lights, and daylight.
Summary: I am very pleased with the videos produced by this camera. It perfprms better than expected in varying light conditions and auto focus is great. As others have expanded on it's features and abilities, I will just comment on the instructions provided which are difficult to follow - yes, its a virtual "point and shoot";, but if you want a better understanding of the camera you have to flip back and forth through the pages.
Summary: Amazing Video Quality - Strongly recommended I traveled China in September for 10 days, I purchased this camera to capture my brother's wedding (Yes, in China), the Great Wall, Tiananmen Square, the Temple of Heaven, the Summer Palace, and much more. This camera captured the most amazing trip that I will probably ever embark on. Feel free to watch the video quality from the video I posted on YouTube titled "China Trip 2012: 10 days in 14 Minutes"[...
Summary: Did a lot of research and came to two camcorders - the Panasonic HC-V700M and the Cannon Vixia HF M500. Both are entry level camcorders for the professional quality video recording due to large image sensors and other features. The Panasonic won out due to the lower price. $395 versus $525 for the Cannon. I am very pleased with the results. Touch screen works very well and the menu is not too difficult.