The new go pro is about more than just the camera. It is about the whole package! This is especially true when you consider the free software you get from Go Pro, which is the awesome and easy to use GoPro Studio 2.0 Edit Software. You will need a fast computer to run your high resolution/ high frames per second clips. The computer I am running this software on has an older GPU (a 9800 GT with one Gig of dedicated ram). I have noticed other video programs on my computer lag the raw GoPro footage, while the GoPro Studio 2.0 seamlessly plays the video without any lag. This is extremely valuable for low budget editors like me. Even if you are using programs like FCP, It would be a good idea to pull out the maximum FPS from Modes like the 720p 120 FPS in GoPro Studio 2.0, and transfer the lengthened footage to your other editing program. What this does is prevent you from losing valuable "between" clips you might want to use for later, and prevent you from losing it after your Vimeo upload is choppy and interlaced. I have also noticed a few upgrades from my original HD Hero. Number One! No more sifting through preview clips that always start with fisheye views of you and your friend's snotty faces. This is made possible because there is now a blinking red recording light on the front and the back of this new GoPro. So you don't have to point the camera at your face to see if the recording light is blinking. The second feature I noticed was the up-graded clip, which closes the water proof GoPro case. I really appreciated this because I have had the clip pop off while working with my old GoPro, in the middle of the Gallery at Snowbird aka "A bad place to drop anything". I am very happy with my new GoPro and I am testing and learning new things about it every day!