I ended up purchasing a 429UK. I couldn't bring myself to purchase the 425CMX since the 427CMX was just around the corner. It was either the 429UK or the 427CMX, no exceptions. The December 2006 pricing on the 9UK plus free 5 year warranty sealed the deal. Damn Panasonic and their promotions, lol. I had a similar budget of ~1300-1500. Although the price difference between the 507CMX and 505CMX is ~$100, I wasn't willing to gamble that the 427CMX would only be ~$100 more than the 425CMX after the first price drop. I'm almost cringing to see the price of the 427CMX when it's released. If I could have purchased a 427CMX/Key Digital for ~1600 I may come down with a serious case of buyer's remorse. I'm almost hoping that the 427CMX will be priced high.