This little camera is absolutely brilliant for the price, although you will be spending money on added extras like a tripod as it doesn't stand up by itself - so this is something to bear in mind.
Recording quality is pretty great and although there isn't a huge array of ISO/light settings, they are adequate for most amateur movie-makers out there. This is going to be just what you need if you want to make home movies or for recording on Youtube; the quality is great and although not full HD, it performs very well and gives good results.
I would completely disagree with the reviewer below who rated it 1 star for the reason that you can't edit the footage and that there was no software included. I often find included software with electronic goods cumbersome, poorly-conceived and lacking in the features I need, so this camcorder leaves it to you to decide what you want to use instead of forcing its own software on you.
Furthermore, I can edit the footage very comfortably using iMovie on my Macbook and have had no problems at all; I can open the files in Quicktime with no issues, and can also use it in Windows Media/Movie Maker on another machine with no problems either.
I do have two small problems with this camera: internal memory and the sound quality. The internal memory is pretty small if you're recording in HD (about 32 seconds) and is no use to anybody - so I feel like Sanyo could have amped this up, especially for those people who don't routinely have SD cards floating around at home.
As regards the sound - there is slight distortion and it does fuzz a little - but it's not a deal-breaker for me - and the quality of file I'm getting more than makes up for it.
The zoom is not as good as I'd like, but it's functional and works well enough for me to zoom in to particular objects without losing quality or focus.
All in all, it's a really user-friendly camera to use and doesn't take much reading of the instruction manual to figure out what button does what. It's a good little machine for hobbyists and I would definitely purchase this again - you're going to get excellent value for money.