Hi MartyB
Well I've got a Canon MVX200i that you can now get for £299 and I can recommend that, fab piece of kit, adequate optical zoom (14x), reasonable indoor/low light performance, fantastic daylight performance and very well built. If you don't need to backup your edited footage from your PC/Mac backto tape again then you won't need the 'i' model and you can find the MVX200 for about £240 which would also be good value IMO.
Maybe you could indicate a bit more about your needs though for people to give advice, ie indoor or outdoor only, family stuff etc, and whether you need the DV-In facility that I mentioned above ie the 'i' on Canon machines.
There are plenty of Panny and Sony users around here who I'm sure will also recommend their own machines
There should be a good few bargains around as many of the manufacturers announce their new models around this time of year, meaning the old stuff gets flogged off cheaply.
Cheers
Gingaman