The HTC HD7 can record in HD video, at 720p, and does so at 25fps depending on the conditions.

You get a variety of options to play with, as mentioned above, although not all of them are strictly relevant or useful.

As you can see here, video isn't smooth or clear at all times, despite being relatively well-lit. The audio comes across quite nicely, but the constant auto-focus can get a little irritating at times.