The HDC-TM700 is the much anticipated new flagship camcorder from Panasonic, and it is also the replacement model for last year's award-winning HDC-TM300. With the HDC-TM700, Panasonic has created a camcorder with seemingly no major weaknesses—and plenty of impressive features to boot. First and foremost is the new 1080/60p record mode, which produced stunningly-sharp video and rendered excellent motion in our performance testing. The most enticing aspect of the HDC-TM700, however, may be its surprisingly low price tag of $999. Frankly, we are shocked that one of the best consumer camcorders we've ever reviewed is available for such a bargain.