After eight months, I still love my PV-DV100. I only wish I'd bought it sooner to record vacation footage a few weeks before. I can't wait to videotape my new baby when he or she is born this week! Compared to an average consumer-grade analog camcorder, the video is clearer, and the 16-bit sound is crisp (which I appreciate when playing back movies through my home theater system and making movies on my PC). Images look great on my 32-inch TV. I've actually started producing music videos for local bands with this camera, with good results.
Pros: Small, lightweight design, image stabilization (but always use a tripod when you can!), easy control layout, 18X optical zoom (newer ones at this price only offer 10X), plenty of input/output jacks, and great (but not HDTV great) picture quality.
Cons: (1) Microphones record camera's motor sounds (barely noticeable, only in the quietest footage). A cheap external mic would probably solve that problem. (2) Camera doesn't focus smoothly when panning from a bright scene to a dark one. You can avoid this by setting your AE mode accordingly for each scene you shoot. A simple fix, well worth the [money] saved by not getting a professional model.