In a word: cool! The thing is dead brain simple to use. Editing is a snap. I used Final Cut to throw together the video below. But it comes with software right on it so even those not familiar with iMovie, Final Cut and so on can put simple videos together. Sweet! There is no tape. It has a USB connector built in. Just plug it into your computer and there are all the files (AVI). Just drag and drop and edit!
I've been reading quite a lot about these gadgets. Heck, even the UW is enamored with them. The possibilities are endless. There are now several Flip competitors, all priced about the same. For about $100 US you can be shooting video. High priced camera no longer required.
Here's the video:
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