camcorder deal - good or bad value???

Help would be much appreciated - looking at this camcorder from aldi. Told it is quite good. but im not convinced. Would anyone have more experience with this type of good and know if it is a good deal. I dont want anything fancy - just something to record the memories... and play it quickly enough on a dvd player. GOOD OR BAD VALUE???????

For 119 EURO..............................................


Capture those treasured, unrepeatable moments with this all-in-one, ultra-clever, ultra-versatile MPEG 4 video camera/digital camera/internet camera/MP3 player/voice recorder.

• You get 'real photo' 5.0 mega pixel quality (2,560 x 1,920 pixels)
• 4 x digital zoom
• 2" fold out and rotatable colour LCD for direct image viewing
• Includes 4 rechargeable batteries and charger
• Card sold separately
• Expandable SD card slot
• MP3 player
• VGA playback - 25 frames per second
• Internal 64MB memory
• Headphones
• USB and TV cable
• Webcam function
• Picture editing and DVD software
• Built-in Microphone
• Self-timer LED
• SD card slot
• Digital zoom
• Earphone connector
• Full menu options