I just bought a Sanyo Xacti CG6 digital video camcorder two weeks ago off eBay for $150. It's 6mp, and 640x480/30fps with a host of features including anti-shake, super-macro down to 1 cm, good low light capabilities, in camera editing, etc. Takes awesome video straight to (up to) 4gb SD card in MP4 format, great still photos too.
http://www.sanyo-dsc.com/english/pro...cg6/index.html
great 10 min. video review (youtube):
YouTube - Review of the Sanyo Xacti Cg6
THEN, last night I saw a Sanyo Xacti C4 on eBay and bought that one too! The C4 is basically the same camera, but 4mp (vs 6mp) and includes a docking station and remote. Uses the same batteries and memory cards. A little less capable in low light than the CG6 (the CG6 also supports the newer SDHC SD cards)
Looking for the (now discontinued) underwater housing for the C4: a Sanyo EHS-400X underwater housing (which is rated to 45 meters)
SANYO Xacti VPC-C4
I've been doing some online reviews recently and want to start doing video reviews. (Plan to buy a Philips SPC900NC/27 webcam next)

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I was mainly interested because I read a review saying the remote could be used to fire the camera, which could come in handy (I've also seen conflicting reports which say the remote is for playback only)
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