this post was submitted on 13 Feb 2024
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Not particularly cheap but the DJI osmo pocket 3 ($520) is probably the best 4k video quality in a compact camera. The only downside is, no/limited zoom. It's not going to be as versatile in that sense compared to your camcorder, but with good quality 4k you can always zoom in in post.
I know the camera looks weird, but I think it really is the modern camcorder. It's super stabilized with the built in gimbal, uses a nice 1 in sensor, has some depth of field when you want it, and is mostly a point and shoot experience when you want it. It beats anything else in its price class, at least.
I actually have 4 osmo 2s. Got them refurb off eBay and used them at my wedding. They’re great. Just wanted an upgrade for my zoom camcorder.