If you've got someone on your gift list that needs a new point-and-shoot camera that also takes great video, we'd like to recommend checking out the Panasonic Lumix DMC-ZS7. This is the point-and-shoot that we've been using for the past 8 months or so, and the quality is great. Video recordings look superb in high definition, recorded in AVCHD Lite. You've got a 25mm ultra wide-angle lens with 12x optical zoom, facial recognition, and other bells and whistles. What we love about this camera, though, is that it has GPS built-in to geotag your photos and videos automatically, on the fly, as you take them. The ZS7 retails for $349.95, but Amazon is currently selling them for just $257.82 - a savings of $92.13!
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