I bought a Flip MinoHD camcorder a couple of days ago. I haven't had a chance to really put it through its paces, but I put together a few of the clips I have shot while going about my day. I also tested some basic color correction and a few effects to see how the footage would hold up.
Overall, I am fairly happy with the video quality, given the fact that it is smaller than a lot of cell phones and only costs 300chf. There are some obvious issues with the video quality though. In the footage I shot out of the train window, you can see some serious image skew, but I guess you can't expect a really quick sensor reset time on such a small camera. The camera performs impressively in low light situations, but there is a noticeable increase in noise, which also exaggerates the compression artifacting. In bright light conditions, when the camera is still, compression is very minimal which is nice.
I will shoot some more rigorous test footage and make a more detailed review in the next week or so.