I recent purchased this new Action Camera SJ4000. It was $82 on Amazon and competes with the GoPro Hero camera that sells for $400. I have to say Im very impressed. The picture can record up to 1080P and has the same wide angle lens as the GoPro. It even includes a LCD display to help align the camera. The GoPro has not display, so you have no idea how it will look until you download the videos.
Here are some videos that I have taken already. This one is just around my subdivision.