I have a Canon Elura 50 and love it. It uses the re-usable DV cassettes and fits nicely in my "fanny" pack with my digital camera. I have Pennicle editing software also. I admit I haven't become proficient with that yet, but there is a very good program on DIYnet titled "Making Home Movies" that covers the basics of editing digital video on computers very nicely; good pointers, too. They use a MAC but the similarities to the PC are so close that there isn't any difference for the user.
Get the extended charge rechargeable battery. The battery that came with mine will record about 20 minutes before dying. Using the view-finder instead of the LCD view screen will prolong the charge of the battery, too. The extended will supposedly go for about 2-1/2 hours. This has been the only real limitation has been the length of battery charge. I haven't bought a rechargeable yet, but plan to purchase one before our next trip to WDW in June.
Most come with a a-c adapter and cables to hook directly to a TV. Newer TV's have the a-v ports on the front so you can view your video when you get back to your hotel room or as soon as you get home.
I also plan to get a wide angle lens. I didn't think I would need one, but on our most recent trip, I set up the camcorder on a mini-tripod ($5 from
WalMart and also fits in fanny pack with DV camcorder and digital camera) on the table at character meals so I could also take stills and the character's heads got chopped off or both of my children weren't in the shot at the same time. This is the only time I plan on using the wide angle lense.
When purchasing, I wouldn't recommend buying a video package. I was offered one and figure there was about $50 worth of items for a special price of $109. Of course there were things in it I already had like a full size tripod and lense cleaning kit and things I wouldn't use. Plus three tapes (less than $20) and extended charge battery (have seen generic for under $10 on e-bay).
Having experimented with mine on a recent trip I would be glad to answer any questions you have if I can.