Well Samsung has just announced their new HMX-U10 compact camcorder and it's already gaining attention from Flip fans. With its high def capturing functionality, the ability to take 10 megapixel stills, and a built-in video editing application, the U10 has everything you could want in a pocket cam.
Other notable features include a 2-inch LCD display and a one-touch option for uploading videos to YouTube. . . although no word of included fancy schmancy video editing software.
These cameras are making their way to the UK in September, so I'm assuming they'll be stateside by Christmas. Rumored pricing is said to be around $200 each.