Sony Action Cam Mini HDR-AZ1 - the GoPro Competitor?

A smaller and lighter tiny action cam, the Sony HDR-AZ1.

1. 170-degree field of view.  
2. Image-stabilized Zeiss Tessar lens.  
3. Records 1080p video at 60, 50, 30 and 25 fps.  (Both PAL and NTSC in one is the way to go because Videographers like me travel all over the world to film nowadays.) 
4. Snaps still images up to 11.9-megapixels. 
5. 120 fps high-speed mode for slow-motion videos. At 720p. 
6. IPX4 equivalent splashproof body.   (Supposed to stand up to showers, spray, and snow) 
7. Includes Waterproof case up to 15 feet. 
8. Built-in Wi-Fi for live broadcast via Ustream and a smartphone.
9. Weighs 2.2 oz. 
10. Costs $250. 
11. Release date: October 2014. 
12. Optional item: Sony's wristwatch-style Live View Remote RM-LVR2 .   Add $100.   Controls up to five  Action Cams including ability to adjust settings. (I imagine the possibility of 1-man crew event videography)
13. Downside #1:  Short battery life.  Estimated 1 hour 15 minutes shooting 1080p.  ( previous model was 2+ hours.) 
14. Downside #2:  does not shoot 4K. 
15. Downside #3:  No pan, tilt and zoom (that's just me)

Adrian Lee