I bought an FS100 back in feb, pity canon delayed it's release until may !
I've never owned a video camera, I just wanted something simple without the 8 million tiny moving parts and drudge of tape handling and transfer.
What can I tell you, £249 UK , does exactly what it says on the tin, ok I'm new to camcorders but it takes great movies, I chuck it in my pocket when I'm on a photo shoot and use it to capture background, it starts up and is ready shooting almost instantly, stick the 8Gb SD card in my pc, I'm editiing in moments. Battery life is great too, and it tells you quite accurately the remaining battery life in minutes
For me the canon optics and external mic input (£10 on ebay for a wireless mic) makes all the difference.
Wide screen, looks great on my 37" lcd,
I don't know what you want to shoot but I'm more than happy with it. 