Movies without a movie camera

Hmmm… From an Apple QuickTime marketing message:

The pocket-sized, innovative Casio EXILIM HI-ZOOM EX-V7 is currently the world’s slimmest digital camera with a 7X optical zoom lens. More than just a still camera, it also records widescreen, next-generation, high-quality H.264 movies — at remarkably small file sizes — with movie stabilizer technology that minimizes the effects of hand movement while filming. You can record up to three hours of video using a 2GB memory card.

If true, why bother carrying a camcorder? Current price: £279 from here.