Playsport - waterproof Playtouch - for non waterproof and editing video
Love them both - I have two smartphones and do take pics and record video too - but for taking video or pics of my babu, recreation, or just fun - the dedicated device is actually really useful. Sure, when I'm out and about I record on my smartphone and send the video up to Facebook, but for anything business related or just seriously good video quality and long recording times, I'm back to my Kodaks.
The Kodak's are far better than my Flip by the way, for quality and reliability. So I'll keep my Kodak cameras for those purposes and it's nice not having an incoming call interrupt my recording.
As you say - we are tech geeks. Krschultz is wrong, nobody but the small community of us geeks care about these cameras. It's the smartphone that killed the pocket video market.