Its good. Got it 15 days back and have used it once and the results are wonderful.
Using DVD is bit pain. I dont live in bombay and in my city they sell the dvds too costly. Rewritable has good results. Costs around Rs 270 here. Non-rewritables are cheap. Haven't tried yet.
Downside - Only 1.5 GB per dvd. Its 30 mins if I am not wrong.
I havent used the previous handycams (the ones with casettes), so cant comment which is better.
I am planning to sell mine and upgrade to hard-disk based handycam. But I have heard, their results are not very good.
Any views?