Kodak Zi8: everything looks closer. why?

when I turned on my new Kodak Zi8 Full HD ‘camcorder’ for the first time I noticed that everything that I see or record with the Zi8 looks nearer by than it in fact is. It is like looking through a pair of binoculars. Please note that I checked to see that the digital zoom level was at its lowest setting. I think this is not a failure of my cam but that this has to do with the type of lens the Zi8 uses. It is however unhandy because I have to stand back much more to get objects completely in view and indoors this isnt always possible. Does anyone know why the optics of the Zi8 work like this ? In 720p mode the effect is less but still present.