Millions of people spend their free time taking pictures and filming amateur videos. With the dawn of cheap electronics, it has become more convenient to take up a hobby like photography or amateur video production. The quality you get with handheld digital photography and video devices is simply amazing.
If you're only into the taking pictures and using your digital camera for short video segments, you don't have to invest in a camcorder. That said, if you want high definition and better control, you will do well to invest in purpose built video recording device.
The great thing is that you can purchase best camcorder for 500 dollars even in 2013. Every year, manufacturers put out new devices with more features that the average user will likely never put to use.