...and for 27 pounds more you can 'solve' its low light issues.
There's very little not to like about Canon's first generation of flash media camcorders. Initial impressions of the FS100 are very positive - It's compact but not too small for the average hand, very easy to set up and operate, and offers a number of manual features you wouldn't expect on an entry level device.
There are plenty of reviews elsewhere on the web already, so for general points about video and audio quality, feel free to google. I'll focus on specific areas which have received little attention so far:
If you're concerned about the lack of a viewfinder, you'll be pleased to find the screen is perfectly adequate for normal daylight shooting conditions, and you can boost the brightness with a single press of the 'disp' button on the side of the unit. For me, this is enough to keep shooting even in the full glare of the sun, but be aware the battery life takes a hit in this mode.
In normal use the battery life is fantastic. Over 3 hours with the included cell puts it at the top of the class for the 2008 ranges. It's nice to know a 'spare' battery won't be a required purchase for a lot of users. As a reference point, an 8gb SDHC card will store around 1 hour 50 minutes of video in the highest quality mode available (9mbps).
Sadly, low light performance on this unit is poor. This could have been a dealbreaker for me, but if you already have editing software and are prepared to pay around 27 pounds, track down 'neat video' on the web and you'll be amazed at what it can do with noisy footage. I tested a dusk scene from the FS100 and the results were very, very impressive. A free demo is available.
Finally, this unit is capable of 1 megapixel still images , saved in jpeg format. Though these won't challenge any dedicated stills cam, they're of acceptable quality and the unit offers a number of options you wouldn't expect including exposure bracketing and histogram information (on playback only).
In all, an impressive first generation effort from Canon at a very sensible price. If you're looking for a simple, good quality, consumer video solution, this is a good place to start.