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Unfortunately, I have to agree, but probably not in the sense that he means.
The big Japanese manufacturers have decided that the concept of the prosumer camera is dead.
They deliberately cripple the consumer versions in various ways, and to get un-crippled versions, you are looking at way over $1,000.
The consumer cameras can give great video, but some of the ways in which they are crippled are:
- Almost all are of the "coke can with a wing" form. A pain to try to hold steadily.
- No real viewfinder. Fine when you play in the shop, but take it to the beach on a sunny day and try to film something -- you can't see the f'in screen!
- No physical manual controls - everything is done by poking the screen. Outside, you can't see it. Want to change something while filming -- ok, just try to do it without jiggling the cameral all over the place.
If you are serious about wanting to produce video, you will need to spend a lot more than $1k.
If you are happy with a 21st century equivalent of a Brownie Box camera, go for it.