I've been eyeing this camera for a long time due to all the endless great reviews I've seen and heard about it. I finally pulled the trigger when a friend of mine bought his a year before I did and highly recommended it to me. By the time I finally bought it within my budget, this Canon SD780 IS became the predecessor model of the SD1400. I'm not sure what the new model features, but I still don't regret purchasing this camera. And because the SD780IS is nearly an obsolete model, it makes it much more affordable to buy one now than ever - as I've seen lots of places that have it on clearance lately. The Canon SD780IS is the perfect travel/everyday camera. It weighs a little over 4 ounces. The size of the camera is astonishing; it is smaller than my iPhone 3G and my wallet. The 720p HD video-recording mode is excellent with great audio quality. However, a slight drawback is that there is no optical zoom when you are in video recording mode - you'll have to stop it, adjust the zoom level, then resume recording. The picture quality can become a bit grainy/noisy at times during certain shots; but when looking at performance vs. convenience and portability over a dSLR, I'll take the SD780 any day.