Now that Flip has created a market for cheap minicamcorders such as the MinoHD, Sony's decided to jump in with its own offerings, somewhat annoyingly nicknamed the Webbie HD models.
The vertical-style MHS-PM1 seems a better category fit than the MHS-CM1; though like many of its competitors it lacks an optical zoom, it has a nifty swivel lens mount. It records 1080p MPEG-4 video to Memory Stick Duo media at 1,440x1,080-pixel resolution, and shoots stills at a comparatively high resolution (5-megapixels). Also like many competitors, the software it ships with--Picture Motion Browser Portable--doesn't support the Mac.
You should be able to get it in March for $170.