Re: techies come here
OK! There are 2 types of Viewfinder on most new camcorders.
1- LCD Monitor
2- Electronic Viewfinder (EVF)
The EVF is also a very small LCD screen but you have to look at it through an eye piece. Nowadays, LCD monitors have reduced the utility of the EVF. However, using EVF instead of LCD Monitor can give a little more time on the batteries. So even if Viewfinder is B&W, your LCD monitor screen would be coloured. So no need to worry on that.
Photoediting software is only necessary if your camcorder allows taking of still photography. Most of the camcorders do. Plenty of photoediting softwares are available in the market. Many sharewares can be downloaded right off the web as well.
Are you getting any Video Editing software with your camera? That is the more important one.