The ZRAD Digital Video Camcorder really is an all-in-one. With built-in mic and speaker, it can serve as a point-and-shoot, a digital audio or video recorder, or you can use it with your PC. With a 3-inch LCD screen, it has a 8x zoom, a 12MP CMOS image sensor, and a memory card slot to increase up to 4GB SD/SDHC. And of course it will clean up that nasty red eye. The cam comes with a mini-USB cable, a TV-out cable, a hand strap, pouch, and two starter AA batteries at a price of $179.99.

(Thanks, Maggie)