What are the best cameras for video under $1200?

While no slow motion (Record at high rates {over 120fps} There are options to film at less then 30fps for timelapse options. (Speed things such as clouds/sunsets up)

Timelapse options are 1 fps thru 10 minutes between frames
Frame rates are:23.98 ,24 ,25 ,29.97 & 30

A firmware update has added basic metering to the camera.

This is no longer relevant. (A firmware update has solved this issue)

There are meters that inform minutes left, for both the card and battery

A firmware update has made formating easy to do within the camera.