I have resisted buying a point & shoot for all the same shortcomings that everyone has pointed out.
We own a bunch typical ones in our family and never found them much better than the camera in my iPhone 4.
I was given an S95 by my kids recently.
I would say this: the size is about perfect as the largest object one can comfortably place in a pocket of a business suit and not be obvious. I took it to a VERY dark restaurant on new years eve and was frankly amazed at the quality of the pictures & video (AV f/2 28mm) I made no great effort at camera steadiness and was surprised to see pictures that were quite good at f/2, 1/13 sec, iso 1600. I did some SD video that was surprisingly good, both indoors and outdor night traffic etc.
For sharing purposes SD video has many advantages & I haven't even used the 720p capability.
For 1080p I'm not sure a P&S would be my first choice.
I own 1Ds III's & a 7D. It's clearly not in that league but I'm very impressed.
The Lumix or the Olympus might be even better, but in my opinion there would be many more times when I wouldn't carry those..
For many years I travelled with a little Olympus XA clamshell with a 35mm f/2.8 this camera reminds me of that one.
I do miss an eyelevel viewfinder, and if you have big hands (I don't) it borders on being too small (but if you have big hands you might also have bigger pockets)
It's not a perfect camera, but a surprisingly good one.
To those contemplating the purchase of one of these from any manufacturer, my advice would be this:
1,They're all very capable (though I only have direct experience with one)
2.My opinion is that the primary advantage of this type of camera is that it can be WITH YOU more than your big cameras.
3.The key to choosing the right one is more about being really honest with yourself about how big is too big to carry all the time. ---I know I'd love a viewfinder but I also know I'd carry one with an EVF less. (I've even experimented with carrying the fold flat waist level Hasselblad viewfinder in my other pocket)
4. The reason I feel this way is because (it's my opinion) If I know that I'm going somewhere with good photographic potential an S95 or similar camera will never be the camera of choice.(it may be the camera of necessity)
So the pocket camera's PRIMARY VALUE is acceptable image quality in a package that you are LIKELY to carry. This "size" will vary by person, for ME the S95 hits the sweet spot of Size/quality
Just one person's opinion.
Michael


When I had my e-p1, I was constantly groaning due to missed shots, thanks to the horrendously slow AF. Without a doubt, the AF on my s95 was much faster.
