Hi Carolyn, When I bought mine it was $2,500. They have come down a bit since then, and are under the $2,000 mark. I think Philips is bringing out an even cheaper version.
You can buy discs that record once or discs that can re-record.
They are easy to use except my wife doesn't understand that when you stop at a certain point when playing back you don't rercord from there but make another chapter.
P.S. when recording something to keep It's easy to Edit out stuff (comercials etc.)