I'm going to tell you why I like this camera in plain terms. There are many technical aspects that I honestly I don't have a clue what they mean on SpecterCam's website if you are an equipment nerd.
This camcorder is small and light weight. You could fit it in a coat pocket. This is great news for your tired arm during a long investigation. I used the camera off and on for four hours and not once did my arm get tired.
It records in HD. Who doesn't want HD? The screen is a touch screen and can be moved in about any direction and is easy to use. It has a 3x digital zoom and a remote control. This camera also takes still shots and has an audio recorder.
The power source is a lithium ion battery, fully charged got us about 4 hours of record time. It can also use AAA batteries! Only a paranormal investigator could have thought of this. Camera's dead, no need to waste an hour charging it, just pop in some batteries.
The camera has 3 built in IR lights which can be turned on and off! Awesome news but I would recommend external lights as well. With only the onboard lights, it creates a limited screen view but with external lights it lights up the whole screen. Huge difference. SpecterCam also sells a mini IR light which I also bought. It's small, uses AAA batteries, and comes with a velcro strip that easily mounts to the front of the camera door.
2 SD cards will get you up to 8 hours of recording time! The camera can be hooked up to your TV or computer and comes with all the cables to do this. I easily downloaded our recordings onto my computer. It uses Quick Time Player and comes with a CD to download it to your computer.
It comes with a tripod mount and a carrying case.
Bad things about this camera. Hardly anything. The audio recording was not very good. You would have to be right up on the microphone to get an EVP and the microphone is in a place where you would likely have your finger and could accidentally cover it up. I really couldn't hear anyone not near the camera very well and there was a lot of static. I could only play this video format on the Quick Time Player. It will not play on Windows Media Player. If you buy the pro version of Quick Time, you can probably change the format. If you have screen capture software, you should be able to record a clip.
I am very happy with the full spectrum camcorder, only disappointed in the audio. Because of this I give the camera 4 and 1/2 spirits.
UPDATE: 8/28/12 We have been using this camcorder for months now and although I like the quality of video I hate how bad the audio is and am downgrading this to 3 spirits. We have a normal camcorder and have no problems with the audio. I'm going to try to add a microphone to the full spectrum and see if that helps. Here is an example: