Well what kind of video quality are you looking for?
I like the P505 because it's extreamly compact.
Has a unique look that makes people want a closer look at it.
Swiveling 2 inch screen for those hard to reach places
Advanced options but also N00b friendly auto settings.
Takes good videos.
If you're looking for super high quality i want to record every growing moment of my child as he or she grows then this isnt for you. might as well go for a camcorder.
It is a Hybrid but keep in mind it is a digital camera at the core. the video recording still must remain within that digital camera core. what i mean by this is resolution, video quality, how much space it takes up, and battery life are all those of a standard digital camera.
If you're hard on pictures but want the option available for short videos then by all means i recommend a P505. But if you're looking for hard core video with occasional pictures get something like that cause the 505 aint it
I'm interested in using ONE device to take digital stills & video. Has anyone purchased/used Casio EX-P505? Any other cameras out there anyone can talk about? I believe this is the direction the idustry will eventually take; any thoughts?

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