Wouldn't the lens specs/quality make more difference than the camcorder, since the camera would basically only be acting as a storage device? I'm not sure.
yah but alot of big box stores are stocking really crapy digi cam corders. That Pencam looks to be ok but he needs to make sure he gets a good camcorder to plug it into or the vid will still be crap.
www.pedalmasher.com check out the part of his site that goes over the equipment he uses to make his videos.
N_C's recomendation will not yeild quality video in the world of AV you do get what you pay for usually.