I have been shooting Video since the Hi8 days and have always purchased Sony Cams.
Alais, the lens ( sealed ) collapsed on my Sony HDR-FX1e and to repair would have cost over $2500.
This all happened after only 30 hours shooting. YUK.
So I purchased the Panasonic TM700, and it is an awesome camera, shooting the best quality video that I have ever seen.
The camera does have some minor annoyances though, and here is my wish list for the next Panasonic upgrade.
1.. The "IA / Manual" button should be moved to maybe a touch screen button as I shoot mainly in "IA" mode and where it is, its too easy to accidentally turn off "IA".
2.. The "Mode Dial Switch" needs to be strengthened. Mine seized up incurring $250 in repairs.
3.. I am used to largish cameras, such as Sony's VX2000 and the FX1e and because the TM700 is so tiny and light I have great difficulty with shake, despite its excellent stabilisation feature. To solve this I purchased a Steady Grip fromhttp://www.cameragrip.co.uk/acatalog/hague_cs1_camcorder_steadymount.html
I do love travelling with the tiny cam.
I would buy another TM700 despite the above.