OK, This went hot and was expired, but out of interest I went and had a look on the Amazon site and theres been some positive movement on the prices.
the Flip Video Ultra Camcorder, 2nd Generation With 4GB Memory - White is as cheap as £58.29 with the voucher (shown on the web page). p.s. Thanks to the original poster, I bought one of the Mino HD's for £104, they're now only £94 ... HIGHLY recommended !!
It’s the Camcorder, Uncomplicated
The Flip Ultra camcorder makes it easier than ever to shoot and share video. Ultra features Flip Video’s signature shoot-and-share simplicity: just power on and press record to start capturing high-quality video in seconds.