Their description:
Product Description
The Action HD GVS allows you to capture stunning HD 1080P (1440 x 1080 - 16:9 aspect ratio) video at 30 frames per second with advanced H.264 high end compression technology. Plus, the HD 720P (1280 x 720 - 16:9 aspect ratio) records video at 60 frames per second, makes this the perfect camera for any sporting events! Features Superior Gyroscopic Stabilization allowing for unmatched stability while recording video at 60 frames per second! The AHD-GVS is a great stil… More >>
Go & get it here - i can recommend it:
Aiptek Action HD GVS 1080P High Definition Camcorder with 5x Optical Zoom

Battery lasts for only a few minutes. “Low battey” with less than 5 minutes of use after a full chharge.
Narrow angle
Poor quality in low light
I am all for the new type of flash based camcorders as a big market exists.
A great idea for a few basis features that an average person will use 99.9999% of the time.
Where Aiptek loses out is in Quality Control. The form factor is good, although I’m worired over teh longevity of the unit, feels too delicate.
This particular unit I had ordered had a pronounced bluish tint to the video, even in broad daylight. Seemed like i was using a permanent blue filter over the lens.
Bottom line, I would still pay an extra 300-400 just for the quality control and ruggedness of more established name brabds even though I will not use more than 5% of the available feature set.
Hope this helps.