BuyDig.com offers the Panasonic SDR-H40 40GB Hybrid Camcorder for $299. With free shipping, it's tied for the lowest total price we could find by $20, though it was $4 cheaper last week, since expired. This camcorder features a 42x optical zoom, 2.7" widescreen LCD, 40GB hard drive, SD/SDHC card slot, digital image stabilizer, and USB 2.0 connectivity.

Of note, Amazon.com has it for the same price.