The 700 and now the 720 have all the features you require. Manual control of the audio is an option in manual mode. a 32Gb SDHC card will give you 4 hours of recording, the camera will work down to 3 lux and has optical image stabilisation.
I am looking to buy a pocket camcorder that has the ability to manually adjust the audio/mic level. I play in a band and would like one that can do this. I was also looking for these features as well...
- optical zoom or a good quality digital zoom
- ability to record to SDHC cards for at least 4 hours of 1080 video
- excellent low light video
- image stabilization
I currently have a Canon HF10 that is great and has all these features, but it's too big to fit in my pocket when I go on vacation. Any help on specific model suggestions would be appreciated.

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