Well, either Canon has lost its mind, or they now segmentize their products too much. They announced 10 new P&S cameras recently, and they all have very disturbing video-related features. Removed features, that is.
– Except the SX260 HS, none of the other new models now support exposure compensation and exposure lock in video mode. That was a feature that was standard in all older models. Without these features, videos look like amateur hour.
– All their low-end cameras now do 25p instead of 24p. This is very dubious, because this is not a case of Canon throwing a bone to the Europeans and their PAL system. This is a case of Canon cutting off the “cheap 24p camera” pathway.
Basically, we had 2-3 years of Canon P&S superiority when it comes to video, and now Canon very consciously is removing video features so they can sell more high end products (e.g. dSLRs), or trying to save their failing camcorder division.
As the market stands today, I can’t recommend anymore ANY new P&S for video (from any manufacturer). A dSLR is the way to go for anyone serious about video (with lenses, you’d need a good $1500). I’m personally eager to see the new T4i.
For those who are interested in old P&S stock, Amazon currently sells the Canon A1200 (720/24p @ 22 mbps with exposure comp/lock and color controls) for $79 (last year’s model). Here’s a documentary shot with this little camera, unfortunately not uploaded in HD though.