Panasonic needs to pace itself. The company has unveiled another new camcorder; this one is a small and compact unit with a cheap price for YouTube fans.

The little camcorder is called the TA1 and measures in at 2.09" x 0.70" x 4.09" and shoots video in full 1080p resolution. The camera has only 4x digital zoom though.

It has an integrated USB connector and can be used as a webcam at a computer. The rear LCD is a 2-inch unit and the camera has a LED light for low light shooting. Panasonic will ship the TA1 in August for $169.95 in black, gray, purple, and red colors.