Canon Elura 100 is about $375 or so & offers great portable performance for the price. Get a monopod for $25 or so & it'll stabilize your shots beautifully, tripod if you're taping a non-moving event.
Battery lasts over an hour and it's very small and portable. Definitely light up the room at night with everything available. Like most cheapie video cameras, this one isn't too hot in the dark.
For a few hundred more, Panasonic has some great cameras that would be pretty good for the money. PV-GS
I'd consider getting one of those if I needed a better camera but didn't need the quality of a camera like a GL2. Stay away from HD stuff. Expensive... and what are you going to do with it? Edit it, and then what? If you're not a professional and the bill is paid for out of your wallet, hold off on HD for now.
Personally, I'd rather have 3 cheapie Elura 100s running & get multiple angles for editing over 1 super clear camera stuck on 1 angle. They would all use the same spare batteries as well. Personal preference.
stick with mini DV- trust.