We have a Sony Hi-8 video camcorder - got it back in 1998. We use it probably less than 12 hrs a year.  I bet it is more like 3 hrs a year.  We do birthdays (keep it on seperate tape) and then generic on others.  
I got this thing to edit the tapes to tie it into one VHS video tape, but haven't taken the time to do it yet.  You need a pc, vhs player and a tv to use it......LOL.  I bet I end up taking all the tapes to a place and let THEM edit it all.  
My cousin picked up a digital Sony video camera that uses this thin media cards/strips.  Camera is physically smaller than mine by at least 50%.  He likes the compactness of it.  Its easier for some one to steal as well.  
You can always get a Hi-8mm video camcorder and then copy it to VHS and make more copies that way to send to family. That would be the cheapest out IMHO.  My was around $800 and you can buy them now for well under half of that.   
Congrats on your new arrival.  

   Kiss your fishing time goodbye....LOL.  
