After reviewing the specs on that camera it looks like it would work with PD. I would suggest you also look at the GoPro camera too. I have seen video from that one and it was very impressive!
Elwood
* Sensor type: CMOS
* Water Resistant
* Video resolution: 1080p, 720p & WVGA
* Video format: H.264
* File format: .MOV
* 25 / 30 / 50 / 60fps in 720p or 25 / 30fps in 1080p
* Video format: 16:9
* Lens Rotation: 300°
* Recording Angles: 127° in 1080p, 170° in 720p & WVGA
* White balance: Auto
* Exposure: Auto / Manual (advanced users)
* Zoom: Digital x4 (in 720p/30/60fps & WVGA mode)
* Remote range: 10 ft. range
* Built-in Microphone
* Inputs: Optional External Microphone
* AV Output: HDTV out (cable included)
* Battery: 1110mAh rechargeable lithium-ion/ Optional 1700 mAh Li-ion rechargeable.
* Power-Save option saves batteries by powering down the screen
* Built-in memory: 32 MB
* SD memory capacity: Supports memory cards up to 32 GB
* Photo resolution: 5 Megapixel
* LCD screen: 1.5″ colour TFT
* Lens focal range: 0.5m to infinity
* Dimensions: Camera – 133 (L) x 50 (D) x 33 (W) mm / Remote Control 52 (L) x 40 (W) x 13 (D) mm
* Power: Camera – DC 3.7V / Remote control: DC 3C, 1x CR2032 battery (included)
* RF: Receiver (Camera): 433.92MHz ISM band / Transmitter (Remote): 433.92MHz ISM band
* Weight: Camera – 138g / Remote control – 19g
* Operating Systems: Compatible with Windows 7, XP & Vista; Mac OS 1