IMHO consumer and even pro-sumer video is on the verge of a major revolution. I predict the end result will be that high-end consumer and pro-sumer camcorders as we know them today will give way to video capable interchangeable lens DSLR type cameras, or even point and shoots.
There are a number of cameras on the market today that are primarily still cameras but shoot broadcast quality, and in certain instances, cinema quality HD video.
My Canon T2i (DSLR) shoots better video than my HD camcorder. Period. Surprisingly, the price of the T2i with kit lens is a little less than most high-end consumer or pro-sumer camcorder models.
Camcorders still have some advantages: they tend to focus faster while shooting and they record to more highly compressed formats like AVCHD. But both of these issues are likely to be bridged by "still" cameras in the near future.
It stands to reason then that if given the choice between a camera that shoots high quality stills plus high quality video; and one that only shoots video, consumers will go for the one that does both. But the advantages don't end there. Now, imagine a camcorder with interchangeable lenses and the big picture begins to emerge.
When the first DSLR comes out that has camcorder-esque video auto focus and records video in AVCHD it will be game over for camcorders, and that day is not far away.
When it comes to shooting video, high end DSLR's such as the Canon 5D Mark II are even bridging the gap between affordable professional quality video and the super high-end and super expensive large capture format cameras like the RED One.
There will always be a market for professional broadcast quality camcorders. And there will also be a market for mini camcorders like the Flip. But it just makes too much sense that the market for the higher end of consumer camcorders will simply be absorbed by ultra capable DSLR type cameras that also shoot video.
