I bought this product because it was cheapes, but then I saw another MiniDV camera from Canon (ZR60) which was only slightly costlier than this camera but had far more features and made this camera look completely inadequate.
Following are the cons of this camera:
1. No viewfinder. If you want to waste your battery, this camera ensures it by having no options besides LCD.
2. No cover for LCD. Can be easily scratched etc.
3. Big big cons for me: Not ergonomic, no good way to hold this camera. No strap on handle
4. No AV-DV conversion. Bad if you want to record your TV or old VHS tapes onto MiniDV
5. This was the problem I faced but ejector mechanism of this camera does not work reliably. Gave me lots of problem.
Do yourself a favor, buy some Canon or Sony camcorder.