Ask Me Help Desk - What should I look for before buying a new Camcoder?

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What should I look for before buying a new Camcoder?

Hi
I am planning to buy a new camcoder but I have no idea what are the facilities I should look for. I am ready to spend aroung $500 - $750. Is there a camcode which saves the file in its hard disk in MPEG Format or any other ready to use format?

Please suggest.:p

Thanks

Pandy

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