The Panasonics we're talking about do take video. (You wouldn't have found it on their spec pages by searching for "video" because they call it "motion picture" instead. But you can find it by that term, and you can see its icon on the control wheel on top of the camera: it looks like two frames of a classic film strip with the little gear holes along the sides.) I don't know much about their video functions compared to the Kodak's, but if it's just a matter of "do they take video or not", then they pass that test, so you wouldn't be "sacrificing" anything. And they do have a couple of things going for them in the video department. Like I said about the still images, Panasonic uses better lenses, and these models would be more physically stable than the Kodak due to weight and grip shape.

The only theoretical advantage of the Kodak for video is that it's in HD (720 lines) and the Panasonic is in SD (480 lines), but pixel counts are all there is to the definitions of HD and SD, and those can be misleading in video as well as in still images. Getting higher pixel counts in video tends to mean using more intense compression, which essentially means blowing up fewer pixels' worth of actual information to fill up space it doesn't really fit, resulting in simplified of colors, blotchier shading, blockier shapes, and fuzzy lines... sacrifices which often make the higher-pixel-count even more of a problem for video than it is for still images. Fixing these things by not compressing so much, and thus getting quality HD, would require saving bigger files, which is technologically harder to do and takes up more of the customer's card's storage capacity, so it's not the kind of choice I expect the designers to make with a compact camera; I'm almost certain they'd just use lots of data compression to "cheat" into the higher pixel count instead of recording that much actual data. And even if that's not the case, the sensor data they'd be using so much more of is still from those excessively tiny noise-prone pixels I described before in context of still images, so either way, the HD output would still have a sacrifice in quality compared to the Panasonics' SD output.