This camera belongs to a friend of mine but I have borrowed it on several occasions. It is a great piece of equipment he bought online for $560 but I think it can be found for less. It has very high quality video and can also take still images. It records stereo sound and has a memory stick Duo expansion slot.
It can be connected to your computer via composite video/audio output USB and comes with all necessary PC software, which I only know that it works on MS Windows XP and MS Windows 2000.
This device has a lot of advantages: the dvd can be played in all DVD players, Easy searching and random access to video segments, Both video and still images are recorded on disc, Selectable image-quality levels, including high-quality variable-bit-rate recording and Convenient and stable format for archiving.
The disadvantages are: Video recorded on DVD-R cannot be edited on a computer, Less reliable for live recording; a single bad bit can render an entire disc of video unrecognizable, Relatively expensive discs, Relatively short recording times at highest-quality modes and unpredictable recording times with variable bit rate, video on device can be accessed only via a DVD-RAM drive.
It is a great product worth recommending.