It's not even worth trying to keep track of the piles upon piles of pocket camcorders on the market today, but only a couple shoot 1080p (UPDATE: almost). And only one does it in such a minuscule package.
Spec for spec, the Picsio is a near-match for the Kodak Zi8—currently the best pocket camcorder on the market, to my mind. That means multiple video modes, from 30fps 1080p (UPDATE: Though it appears the actual resolution is 1440 x 1080, not the normal 1920 x 1080. More on that—which isn't actually a huge deal—here.) to 60fps 720p to regular old VGA, 8-megapixel still shooting, a mechanical macro mode switch, image stabilization, HDMI out and SD storage.