Hi Mike,
I came back from my vacation last week, and I had a chance to test my camcorder and the microphone.
Everything worked well - the video quality was nearly perfect, and the microphone worked well for me. I'm not a professional, so I don't know how this camcorder and the mic stands among the others, but I was satisfied.
What really kills this camera (and any camera in it's class) is a lack of viewfinder. In the bright sunny day it's almost impossible to take any shots using the LCD screeen. This is especially important if you want to take a video of birds or anything moving. It took me about 10 attempts to take a decent video of a chipmunk, and I managed it only because he was very patient.
I know there are some devices that can protect the LCD screen from the sun. According to the reviews, they don't work very well, but it's better than nothing.
I don't worry too much about this. I bought this camcorder mainly to take a video of the Capercaillie and Black Grouse leks in Sweden next spring, so the sun and glare probably won't be an issue. But in general, to make the good wildlife videos, it is probably necessary to spend more money on a camcorder.
But, again, I was really impressed by the quality of the video this camera produces, and the microphone worked very well for me. It's just important to remember to turn the mic on, it doesn't start automatically.
Peter