Interesting... and this article on the same web site says it has a viewfinder
http://www.camcorderinfo.com/content...s-Compared.htm
But from the pictures it does seem like it doesn't have one - so yes you will need to use the LCD.
I would think you could shoot with the LCD closed... but if you do that you won't be able to see what you are shooting (unless you have the camcorder).
I'm a big viewfinder fan - in many situations I find it easier to steady the camcorder for handheld shooting using the viewfinder (and arms pulled back towards the body). Viewfinder means you need to hold the camcorder away from your body so you can see it.. harder to hold it steady. Big mistake in my view (no pun intended) not to include a viewfinder.