Well, this isn't exactly breaking news in the film community for those who have been following such matters, but it is worthy of a post nonetheless - especially in the wake of my post on the Canon XHA1 being used in Crank 2 (if you think I'm playing favorites).
Indeed it is true, that much of the whacky hand-held stuff from Cloverfield was shot on the Panasonic HVX200.
Of course, it may not necessarily be the most glowing advertisment possible to use a camera to reincarnate the Blair Witch phenomenon, but then again, if it's good enough for J.J. Abrams...
Since this is hardly a JackCabbage exclusive, I will refer you to a few others who have covered the topic some time ago...
CINEMANOVELS BLOG POST
BARAK EPSTEIN BLOG POST