Ever since we got burgled in 2005 I've intended to replace the video camera that got stolen. We bought a Canon 20D SLR with the insurance money instead. Today I was looking at older pages on backpack and found the feature list I thought was essential about a year or so ago.
16:9 native manual focus firewire i/o manual white balance / exposure head phone microphone stills capture whilst recording image stabalisation (preferably optical) c. 500g all features on the camera, no dock
Lucy got me a Kodak Zi6 recently and whilst it is 16:9, it has little else on the spec sheet. What it does have is pocketability and near instant on. A lesson to me in getting over involved in the features and not the activity. Of course, I'd want a slightly wider angle lens and better low light, but then it wouldn't have been about 100 pounds. I'll probably get a video camera at some point, but for long photo use, especially of my sons the Zi6 is perfect.