Coach:
many people do not want to lug around a camcorder in WDW (unless it's one of the new models which aren't much bigger than an SLR). My suggestion is for those who want to travel light, but want to catch 3 or 4 special moments as live footage. The newer digital cameras have movie resolutions which look fine on standard definition TV sets - I've turned several high resolution digicam movies into 30 second clips on a home made DVD, and they look just fine.
If you want to take lots of footage, you are absolutely right, you need a camcorder.
Tx5