I haven't endorsed any products in a while, but this one really has me impressed. The Flip Video MinoHD Camcorder is, I believe, a revolutionary product. For one thing, it's SMALLER than my iPhone. It shoots full motion video in 720p Hi-Def. It can record up to 60 minutes of this Hi-Def video and has a nifty little pop out usb connection for sending the video to your computer!
Granted, you won't be shooting any epics with it. It doesn't zoom or have any other fancy features, but in a world that lives by under 5 minute video on youtube, this is the perfect little gadget to get you there.
After I shot a little video with it, I popped it right into my MacBook Air and imported the videos straight from the camera to iMovie '09. I selected and cropped the clips, dropped in some transitions and voila! A video made for Facebook!
As cheap as these things are selling for (as video cameras go) there's little reason why pretty much everyone won't be carrying them in their pocket in the near future.