Nikon Coolpix S9500 is very similar but better megapixels- 18.1. Runs $349.99. Just found a bundle at Walmart that includes a case and memory card for $249.99. Their price on the camera alone is $349.99. Heading to Best Buy to return Canon and price match Nikon! Score!!
I am THRILLED to report that I just unboxed my replacement Canon SX280 and the red, low battery indicator light does NOT flash when I record video using a fully charged battery!!! I was fully expecting the same issue and am so happy. I put so much research into the purchase of this camera and was really torn. Now I've fallen right back in love with it. HOWEVER, I've owned this new replacement for a whopping 30 minutes. I will most certainly report back if I encounter anything worthy of reporting. So, there is hope All. =) It may be worthwhile to send your camera in for repair since I am holding evidence than a SX280 actually exists without the false low battery indicator light. I am so relieved. I will be using it to capture an entire sporting event this weekend. I'll let you know how it fares.