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I have no experience of that particular model but Panasonic's Lumix range of point and shoot cameras with their Leica lenses are generally of excellent quality.
 
Haven't used that Camera, but for a P&S I use a Panasonic DMC-TZ5. Its a great camera, has been for the 3 years I have owned it. People always comment on the bright & vibrant the pictures are. I am sold on Panasonic in the P&S line.
 
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