I picked up this camera from Singapore a month ago after reading a lot of positive reviews. I tested its HD capability on my way there and found it to be very capable.
It is a 14 megapixel camera with 24 X optical zoom. It has optical Image stabilizer unlike some of the cheaper cameras which give you a digital image stabilization. What strikes me most is the high speed consecutive shooting mode( kind of burst mode) which makes you shoot images of fast moving objects. You can select the best shot from the many shots it has shot.
The rotating 3 inch LCD allows you to hold the camera in any angle and still see the composed shot.
I chose this camera primarily for its HD capability. Yes. These days many cameras sport this HD movie capability too. But this camera shoots at 1920 X 1080 Full HD in AVCHD mode. The supplied 16 GB card allows you to shoot hours of full HD video if you need.
I bought this camera for Sing$ 820 which is about Rs.28700. I am really happy with the results this camera produces.