I'm buying a new digital camcorder-can someone clue me up about the subject?

Here's the deal-I want to buy a new digital camcorder. I know very little about the area. I don't understand the whole dvc, mini dv, dvd, optical/digital zoom or anything like that. Looking for one in the modest price range of £200-£300 (whatever that is in dollars.) Any suggestions or explanations would be helpful.
 
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