It looks like the budget-minded folks at Exemode are back for one more go 'round, and they're now bumping things up into HD territory with their new DV580HD camcorder. While we obviously can't vouch for its overall quality, the camera will apparently let you record 720p video onto SDHC cards up to 8GB (or 32MB of internal memory in a pinch), or capture still images at up to 8 megapixels, although it seems you'll have to make do without an optical zoom of any sort. On the upside, it does only cost €155 (or about $220), and it says "HD" in big shiny letters, so it can't be all bad.

[Via Akihabara News]