Let the hive mind of Engadget get that for you.
"I need help! I want a small pocket camcorder but I'm not sure which one to get. I don't want to fall into the hype of the Flip because I worry two hours won't be enough. What should I be looking for when considering a small camcorder and where can I get a good quality one with expandable memory? Thanks!"
Throttling confirmed.
But honestly, it isn't too bad.
It didn't take months for them to throttle me, the service changed almost immediately after the trial period ended and I started paying.
During the trial period, I could drop a disc in the mailbox after midnight and they would receive it the next day and send me a new one that day, sometimes early enough for that to get to me the next day. So I could drop something Sunday night and have a new disc Tuesday. Also, I could get any new disc no problem.
Now, new releases generally (but not always) take a long time to get.
Now, if I return a disc on the weekend, and they get it Monday, they usually don't send out a new disc until Tuesday, and I get it Wednesday. If they receive the disc on Wed, Thur or Fri, then they will get a disc out immediately for the next day (including for Saturday).
They definitely give misleadingly fast service during the trial period, but their real service isn't too bad.
I think Netflix' claim that people get their discs in one day means the time in the mail, not the time spend in the warehouse. They have warehouses close enough to 94% of their customers to get reduce the mail transit time to one day.