Point & Shoot Camcorder coming soon

How does a $130 Point & Shoot Camcorder sound to you? The Pure Digital Point & Shoot Camcorder enables one to share home videos online over YouTube and Google Video with unprecedented ease when it is released in the first week of November. This device comes pre-loaded with software that allows users to connect directly to video sharing web sites. You can now just about capture everyday happenings in your daily life and share it with friends and family alike with a few simple mouse clicks. It connects to the PC via a (presumably) USB 2.0 port. Will the release of the Pure Digital Point & Shoot Camcorder see an even faster explosion in the world of online home-made videos?