Even though all the current buzz right now is the GoPro 3, I have wanted to check this camera out for a while now. It looks to be a very close GoPro 2 clone. So close as a matter of fact that the case on either will fit the mounts on the other (the threaded part, not the quick release).
I found it for $130 shipped on a super sale, but can be had for $150. It comes with several mounts, LCD back (nice!), waterproof case and remote control.
One thing I like about this camera is the controls are up top (easier to see) and it has a 1/4 x 20 tripod thread on the camera itself. The LCD back make alignment easy and you are able to review the videos and it makes setting up the options a breeze.
Although I will be using this on my MT bike here pretty quick, my first application was on my quadcopter for aerial video, primarily at cycling events.
Here is some of my first video with the camera:
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