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!"
for the movies question... I guess I mean you would not have to worry about file formats or user interfaces.... I would use my HTPC to steam the vobs on my NAS with the "My Movies" plugin to every TV in the house.