Hi all. New member here, and proud owner of this fine TM700. It's not perfect, but doesn't cost $10,000 either...
Tested the 45 degrees angle shooting, and in fact tested at a lot of different angles, and so far no shaking on mine when still. Although, it DOES exhibit the shaking when slowly moving the camera on the tripot (especially panning), but it stops as soon as the camera isn't moving anymore.
So this behavior looks like it could be due to hysteresis on the electro-mechanical part of the O.I.S. that moves the floating lens, when the weight distribution is altered by tilting the camera. Fortunately on mine, it stops oscillating when the camera is perfectly still, probably because each camera isn't calibrated exactly the same, but this is pure speculation on my part. Nevertheless, I agree this is an issue. I wonder if the new model will have "the shakes" ?
The other annoying thing with mine aside from the fan noise, which doesn't bother me because I use an external mic, is that the auto white balance is too easily confused and changes too abruptly, sometimes without any change in lighting. Luckily there is the manual mode to keep it fixed, but my 12 years old Sony Hi8 does a better job of it, although its resolution is really really low in comparison (400 lines SD).
But, all that being said, once the color balance is set I have yet to see better video in 1920X1080 at 60 progressive frames/sec on any other camcorder under $900 ! Especially when viewed on a big screen TV (Sharp Aquos Special Edition LCD). So I'll keep mine, with all its little annoyances.