Samsung’s response to Flip’s Mino handheld camcorder is coming out this fall, and I might be the first person in line to get it.

I’ve always been a huge fan of movies and movie-making, but since the death of my old Panasonic camcorder a year or so ago, I’ve had no interest or money to buy a new one. I’ve always thought the Flip cameras looked easy to use, and worked on the go, but could never take myself seriously shooting small movies or videos with it, and then editing in Final Cut. It just seemed not worthy.

Samsung is releasing this HD camcorder with an H.264 recording rate in September for a very nice price of $200. It also comes with a 2″ LCD screen where you can even edit your videos and upload them straight to YouTube. Those are some great features that Flip can’t boast.

Now that the iPhone has entered the “point-and-shoot” market, it will be interesting to see how quickly some of these cameras get upgrades to try to stay competitive in the market.

For the same price as the Flip Mino and the iPhone 3GS you are getting a lot more bang for your buck with the HD sensor, 2″ screen, video editing options, YouTube uploading options, and of course the H.264 output. In my opinion the Samsung HMX-U10 is the complete package.