The LZ7 was released more than three years ago, so any newer, less expensive options are available. Try the Panasonic FH20, for example. Here's what we had to say about the LZ7 when it was released back in January 2007:
The Panasonic LZ7 is an affordable easy-to-use entry-level camera that's got plenty of kick. The 7-megapizel sensor is the new mid-range benchmark, and will provide for high-resolution photos and larger prints. Panasonic's MEGA Optical Image Stabilization will reduce blurs and jitters so you get the best possible shot every time. The LZ7 also features a unique 'Baby Mode,' which allows you to record the age of your child directly onto the photo. The camera also allows for normal timestamping as well.