At just 500 bucks you can get yourself camcorder with a 7.1-megapixel CCD and capable of recording 720p HD video, the Canon PowerShot TX1. Aside from that, you will also get a 10x optical zoom, a Digic image processor, face detection technology, 14 shooting modes, and ISO 80-1600 settings. Video after the jump.

[via Techeblog]