im in the same boat, man. im looking at the gopro hd hero, kodak playsport (waterproof!) and the canon PowerShot SX20 IS (hd recording is on the list). i will probably go with a canon eos if i can muster together another 200 bucks, but so far the powershot is the best contender. i will definitely get it if i can manually focus the lens. i dont know if it does that, yet...
2011 Never Summer Revolver-R 156
2011 Flux RK30's
2010 Rome Libertines