While I don't have that camera, from the few stats it gave about it, I wouldn't recommend it.
Why?
It's touted as a 2 megapixel camera.
If you want nice pictures, you need to be looking at bare minimum 3 megapixel cameras, which can be found for a bit more than that price. In fact, I've got a Sony that you can pick up at prolly ANY Wal-Mart now for ~$150-175.
It's also got the same DIGITAL zoom, which means nothing for pictures (more for video), but it's also got 3x OPTICAL zoom.
I'd guess with the megapixels, that'd take some pretty crappy video, if they're anything like the pictures it probably takes.
You're probably better off choosing EITHER a recorder OR a camera. Double duty usually isn't a strong point from what I've seen of these, until they get a bit pricier.