This model is nearly four years old. Check out a newer model, like the Sony CX110. Here's what we had to say about the SR1 when it was released in July 2006 (we were right!):
Hold onto your hats. Sony has upgraded its already fantastic hard drive based camcorder, making it HD capable. The HDR-SR1 is good for up to 1080 lines of resolution in HD mode (and up to 10 hours of footage in LP mode), and also boasts the ability to take 4-megapixel still photos, written either to the hard drive or to an optional Memory Stick. This is certainly a prosumer camera, and the large price tag reflects that, but even if you're not looking to drop $1,500, keep an eye on the Sony SR1. It's the future of camcorders.