I've also just purchased a DCRHC40E and agree with peachfuzz - it is a beauty. Not had much chance to play yet (only arrived Tuesday 30th) but so far I'm most impressed. Purchased from
www.digital-point.co.uk for £499 including vat and delivery.
One thing I would mention is the "buzzing" from the motor when recording. It is a little on the noisy side in a quiet environment - I thought it might even be picked up by the speakers. Luckily it isn't, but I thought I might have purchased a faulty camcorder at first. A search on the net suggests this buzzing sound is fairly common on compact models......