Bought this camera the other week, its brilliant. It has all the latest features but obviously the main one is that you can record onto mini dvd, then pop it straight into any dvd player (inc laptop/pc) and view, its also a camera and you can save the pics as jpegs on your pc and edit through any photo software. the only obvious feature that the more expensive ones have is you cannot edit your movies on a laptop but I was told by a sony shop assistant that the models that can do this, the software to edit is pretty poor and the video gets pixelised when you edit them so the quality is poor, so Unless your very advanced in video, this is a great camera imho. Cam Tapes are a thing of the past.
Mine cost more than what you have quoted cos i bought from Sony shop so thats a good price you have.