If you're looking for a camcorder to use for home video use only, go for the G10. I have one and just got done shooting for 2.5 weeks on my mini vacation to visit relatives and boy am I impressed with the results from this camcorder. The video at the highest setting looks simply stunning (shot at a shutter speed no lower than 1/60). I did a ton of panning and the motion is perfectly smooth each time.
If you need all that XLR stuff for pro use, then I cant speak to that, but if this is just for shooting home movies and stuff, you CANT go wrong with the G10. In fact, get the G10 and get Canon's wide angle lens attachment and you'd still come out cheaper (its really great for shooting in small rooms.