Amazon is selling the Sanyo Xacti HD700 7MP HD 720p camcorder for just $299.99 shipped, originally priced at $499.99. It’s an “elegant state-of-the-art true 720p high-definition camcorder that doubles as a 7 megapixel digital camera.” Product page. Video after the break. Click here for first picture in gallery.

Encased in a stunning enclosure, the HD700 features a 5x optical lens and a large 2.7 inch widescreen display making the HD700 as convenient as it is useful.

[via Amazon]