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I'm thinknig about getting the Sony HDRCX7 Camera. I need it to?

Shoot some short-films as well as a feature that will be entered into film festivals. I want a camera that will give me as professional a look as possible for an affordable price. Is this the best choice? What are some other pro-consumer cameras out there that I should consider? Here are some of its specs, "Sony High-Definition Memory Stick Handycam Camcorder (HDRCX7) Top-notch high definition footage with the new Sony HDRCX7 high definition Handycam. With great features like 10X optical zoom, the Carl Zeiss Vario-Sonnar lens and SteadyShot optical image stabilization, you'll be shooting like the pros in no time." price: $999 I would appreciate the opinions of someone who works in the industry. Thanks

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1. Save for a Panasonic DVX.