UH......Ya.....no. The ZR80 has plenty of optical zoom. Unless you put it on a tripod, you can hardly hold it still enough to get good footage with it fully zoomed.
You can get still pics from the video(with software). They won't be very good though.
You can watch the video from the camera on any TV with S-video or RCA inputs.
Here's a sequence shot from frame grabs off a ZR60.
Here's a video begining shot entirely with a ZR60. http://www.wakepics.com/view_single.php?medid=12718