Panasonic Lumix S1
12.1 megapixels; 4x optical zoom; 28mm wide-angle; Optical (lens-shift) image stabilization; 2.7-inch LCD monitor; 720p HD video; Venus Engine VI; Captures to SD/SDHC media cards; 70mb built-in memory; Rechargeable lithium-ion battery
The S1 is Panasonic’s lowest-end digital camera for 2011, but could still be a very good budget-minded option. It's a cheaper version of the also-announced S3; the only notable difference is the lower 12.1 megapixel count. Other specs are solid, if unremarkable, including a 4x zoom, optical image stabilization, and 720p HD. Stay tuned for more information.