I just bought one of these a couple days ago, actually:
I got it because it can shoot good videos as well as take alright pics (to see my vid work, check my sig).
I wanted to take quality (yet they don't have to be pro) pics of my wife and self to remember the good times, and also have a camera that can make small vids adequate for You Tube.
This little thingy can take good pics at high res, and also make a 15 minute HD vid! Splendid; Muay Thai fights rarely go longer than 15 minutes!
The price of the camera was 10,000 THB (maybe $330 AUD). I recommend it for a quality home use camera.