Camileo X200?

I am finally getting into short films more. I love writing scripts and things of that matter. But I need a camcorder... I saw the Toshiba Camileo X200. I have done extensive research, I am most likely going to buy it in about a week.
Just checking, do you guys support this camcorder for beginners? If not, what else would you pick in the $150 price range?

If it is a bad buy, I'll hold off and check out your suggestions :)
 
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