Here is a hands-on video on the Canon PowerShot TX1 HD Camcorder. Canon PowerShot TX1 has a 7.1 Megapixel CCD image sensor, DIGIC III image processor. You can also get 10x optical zoom, 4x digital zoom, SO 1800 and has a 1.8-inch TFT LCD screen.
The Canon PowerShot TX1 can record movies in 1280×720 HD resolution (16:9) at 30fps. It supports SD and SDHC memory cards. It is priced at $500.
Watch the video after the jump.