Sanyo has launched the new Xacti DMX-HD700, solid state based high-def camcorder today touted by the company as the world’s “smallest and lightest” 720p camcorder. It has the ability to record 720p video for as long as two continuous hours on the batteries and can store up to 2 hours and 46 minutes of full-resolution video in MPEG-4 AVC/H.264 format on an 8GB SDHC card.

The new Xacti and can also take 7.1 megapixal still photos through the 5x optical zoom lens and can track and focus on up to 12 faces with its Face Chaser feature. It even has a decent sized viewer for the size of the camera with a 2.7-inch LCD display that flips open. It also has an HDMI output built-in and comes bundled with Adobe’s Premiere Elements 3 to get you ready to take and edit high-def videos right out of the box. It’s expected to be in stores by the end of October and comes in colors of brown, red and silver for a very reasonable $600.

Sanyo Xacti DMX-HD700 Camcorder