I can't believe how much video camcorders have improved and changed over my lifetime. OK...so I'm going to play the old card now. When I got married, I remember the "state-of-the-art" camcorder was a big shoulder model with VHS tape. The quality then was considered good, but if you look at it now, it was pathetic! Seriously, I think the Fisher Price model could out do it now.
Although the Samsung w200 has a more rugged and larger body, much of that is due to the fact that it is waterproof up to 10 feet. This would make for a great pool or snorkeling camcorder. There is a white balance setting for underwater too.
In head-to-head outdoor video shooting, the Samsung is richer in color. Both have image stabilization and do a pretty good job with that. In low light shooting, the Samsung is still richer in color. The Bloggie did a poor job with color in low light. The Samsung also uses a micro SD card so you don't have to worry about running out of memory, as long as you have enough memory cards.
After shooting both, I choose the Samsung over the Sony. Easier menu options, micro SD memory, waterproof, and richer color make it my winner. Both are available at Costco.
I have to say that my Canon s95 point and shoot camera does an even better job with video, as does my iPhone. But if you need a cheap, waterproof option, the Samsung w200 can be a great choice.