This is a great camcorder. I had a Sony Hi-8 camcorder which stopped working and the nice thing about these Digital 8's from Sony is that there is backward compatibility on the old formats.
Lot's of excellent features, but you pay for it in weight and battery use. The 4" screen is excellent, and if you have kids, its nice to show them (with sound) what you just captured. The color viewfinder also works great if you are used to using that (as I am from my old HI-8 camcorder). It also saves on battery usage if you use that instead of the 4" screen.
From a battery standpoint, you really need the 8hour or more batteries that are sold seperately, or you will be recharging all the time. The 8hr Sony battery lasts about 5 hours on this camcorder. I highly recommend you buy Sony batteries as they have a chip on the battery which lets the Camcorder read how much power is left. That feature is great.
I wish that Amazon had better rates on this camcorder though. I bought it at another site on the web for about ... (yes new). They also had it in stock, whereas Amazon seems to have problems keeping some of the different camcorders in stock...