Summary: The first review mentioned how surprised they were by the camera's performance in daylight and they were equally surprised by it's nighttime/indoor performance. EXACTLY, I agree so much!.......OUTDOOR ONLY camera I say. If you have never had an HD camera and have no idea what you're doing and are going to only shoot outdoor in daylight, then use the magicpix setting and you will be stunned at what this little camera can do then (and only then.
Summary: First, the two versions of this camera are identical other than the fact that one has built in memory, the other does not. BUT, consider how much you're paying for that memory? Could you just buy a larger card with the price difference? Probably. Considering that for the sake of convenience you will probably be recording to cards most of the time (so you can just plug them into the computer) I would probably go for the internal memory-less version.