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JVC has just released the GZ-HM340, which comes with 16GB of internal Flash memory, a 20x optical Konica Minolta zoom lens, and 1.37 megapixel CMOS sensor.

Of course it will also have image stabilization feature, one-touch upload to YouTube, face detection and an SD / SDHC expansion slot.

The GZ-HM340 should retail for just under $500 and will hopefully be out to purchase by the end of the month.