Panasonic announced the Lumix DMC-FX500 today which is due to hit the shelves sometime in May. This comes days after Canon's announcement of the new SD770 & SD790 ultra compact models from their very popular IXUS series due for release at the end of April. The battle in this category of pocket camera is hinged around a larger 3.0-inch LCD screen and various takes on anti-shake systems. The Lumix DMC-FX500 steps it up with a touchscreen and a 25-millimeter ultra-wide-angle lens, something very desirable and hard to find in this size of camera, but the real question is noise. Does anyone have experience with either of these camera's predecessors in low light conditions without a flash? Given that this type of camera is more frequently becoming the choice for those who don't want the responsibility and hassle of lugging their expensive digital SLR to a live show or random party on a big night out.
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I would kill for a manufacturer to say "screw it! megapixels are antithetical to low noise!" and produce a 3-6 MP ultra-compact camera with a usuable ISO 800 or 1600 AND a wide, fastish lens.
3MP in the early Canon dSLRs was more than enough for 8x10's so it's still enough today.
Sigh.
Anyway, the DMC-FX100 gets a lot of noise, low light or no. It has a noise reduction setting, but I usually just leave it off and handle it in Photoshop, which works beautifully.
...but if that's the worst part of a 12 mp ultra-compact camera with a wide-angle Leica lens, I'm okay with it.
Unfortunately, it broke. Then realized I could get the new Nikon equivalent (coolpix s51) for a little bit more than the cost to repair the Canon. Haven't run it through the ringer yet, but it is shaping up to be a fine camera.
Ditto Ben on the bottom line. Wouldn't use them for catalog shoots. Make great general-use cameras.
Bottom line: Big cameras are big for a reason. Don't take pictures of important projects with anything smaller than a softball.