[URL]http://www.dpreview.com/reviews/compare_post.asp?method=sidebyside&cameras=panasonic_dmctz1%2Cpanasonic_dmclx1&show=all[/URL] In August 2005, Panasonic Lumix DMC-LX1 was released. It was half-way between a P&S and "pro" dSLR by picture quality, thanks to the big Leica lens. It also had 9:16 ratio of the image. Though, some people compalined that the image was too noisy, even at an ISO of 100. (The other people said it presented no problem because the noise-reduction software did the job, and probably it was the original idea.) Now come Panasonic Lumix DMC-TZ1, released in February 2006. It has a smaller resolution of 5MP (vs. 8MP) which is still enough for me. It has an x10 zoom (vs. x4), however it does not have TIFF/RAW format (not that I care about those at this time). The LCD is the same and has around 200k pixels (that's a lot !). It has a newer processor, which is reported to consume less energy and to do a better job at removing purple fringing. In the past few weeks, I was thinking about getting an LX1 camera. However, I just noticed that this new camera TZ1 was released. It has the same features which I care about (big speedy lens, large LCD screen of the same size, short shutter lag etc). I do not know which one I should get. It is not clear from the reviews if TZ1 provides a lower-noise pictures, and if the lens has the same or better capability (the good quality of images in LX1 was because the lens passed through a lot of light due to its big size). Someone can comment on this ? /