Conclusion:
For a price cheaper than most competitors, the Samsung R10 has shown to be a solid 1080 high definition flash camcorder for under $500USD. Alongside the usual camcorder features found on most camcorders in this range, the R10 jumped out to me with it's unique 25 degree lens angle and built-in PC editing/playback software. Although I wasn't left too fond of not having a secure hand strap or a lens cover, this will likely be something that won't bother everyone.

Pros:
Great quality 1080 videos
25 degree lens angle is an innovative idea to reduce wrist strain!
Some minor firmware and software improvements over past Samsung flash camcorders stand out
IntelliStudio built-in software
Photo quality is good and photo mode gives you a variety of options (keep in mind it won't compare to a digital photo-only camera though)

Cons:
No proper lens cover!
No hand strap. This also made using the buttons on the back of the camera extremely hard without crossing my other hand over to operate them.