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Seems like the decent prosumer compacts are here with the LX3
Panasonic Lumix DMC-LX3 Digital Camera – Review – The Imaging Resource!
The Panasonic LX3’s noise handling is significantly improved over the LX2. Noise performance was the single biggest issue with the LX2, its Achilles heel. On the Panasonic LX3, we’ve had a change of image processors [...]

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Well, unless you are going for a pro-grade compact camera like the soon to launch $500 Panasonic Lumix DMC-LX3, probably your main criteria is being small and OK pictures which is what you are going to get. Overall, it is interesting how cameras have not improved much from my trusty SD500 and Fuji F11 [...]

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So it looks like the advanced compact cameras are really a turkey shoot between the Panasonic DMC-LX3 and the upcoming Canon G10. As an aside the 5MP camera we are replacing is a Canon SD400 which is 5.7 cubic inches and 130 grams. So it would be nice to get something about the same size.
What [...]

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This is coming out in October, but is a pretty big update. A reason to wait before buying a LX-3, I think. Popphoto had the notice. The previous G9 did get very good reviews (it is 12MP vs. the 15MP in the new G10)

14.7 megapixels (wow!)
28-140mm 5x zoom
3 inch LCD

RAW support
The biggest advantage of [...]

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Ricoh really pioneered the idea of a high end compact camera that could actually take good pictures. Photographyblog.com has a good review. Note there is also the Ricoh GR Digital II which is essentially the same but with a fixed 28mm lense. It’s pricey at $600, but it is a high end camera.

111mm x [...]

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Well here are the choices right now in rough order and the net is that if you can hold off, the Canon G10 is probably good. I’d say for quality the LX3 is probably going to give higher quality shot but be larger.

Panasonic DMC-LX3. Good quality to ISO 400 and great Leica lense. Reasonably compact. [...]

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Well, been looking for a high end compact camera. When I was on film, used a Yashica which was compact, but had a great fixed focus lense and excellent quality. There really isn’t a good answer yet for digital. What do you need for a prosumer that is different from a point-and-shoot. Well, the ideal [...]

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For years I’ve used the Fuji Finepix F10 which took really great pictures with 5Mpixels but most importantly was fast enough to take ISO 400 photos. That camera still works really well but is not pretty big. Ideally you want a shirt pocket camera that:

8MP sensor and lense quality so you can get A3+
ISO 400 [...]

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