Sporting the most compact 10x zoom lens to date, the Panasonic Lumix DMC-TZ1 has a lot to offer. The Panasonic Lumix DMC-TZ1 is a long zoom digital camera with 5MP resolution, a 2.5-in. high resolution (207K pixels) LCD monitor (no viewfinder) and easy-to-use Scene Modes.

It features 10x optical zoom on a Leica lens with the image stabilization that has made Panasonic digital camera famous. The lens focuses as close as 5 cm (2 in.) in macro mode. Shutter speed ranges from 8 - 1/2000 sec. and, using Starry Sky mode, you can go down to 15, 30, or 60 sec.
Digital Camera Resource Page have put the finishing touches on their full review of the Panasonic Lumix DMC-TZ1 and had this to conclude-

“If you want a compact ultra zoom camera then you really only have two choices: the dual lens Kodak EasyShare V610 and the Panasonic Lumix DMC-TZ1 that I reviewed here. Having used both cameras quite a bit, I know which one I prefer — the TZ1. While it has a few annoyances, it’s a good choice for those who value portability over manual controls and expandability. If you want to know what I really think about the TZ1, this statement should sum it up for you: I bought one as a birthday gift for my dad.

The DMC-TZ1 is a midsize camera (though compact for an ultra zoom) made almost entirely of metal. The TZ1 comes in silver, black, and possibly blue bodies. The camera is well put together and can easily be operated with one hand. The camera’s folded optics lens design allows the camera to stay slim — the lens barely extends out of the body at the telephoto setting. While it’s not as fast or as powerful as the zoom lenses on Panasonic’s FZ-series cameras, the TZ1’s 10X zoom range is more than enough for most people. Like Panasonic’s other cameras, the TZ1 has an optical image stabilization feature which helps reduce the annoying effects of “camera shake”. The camera has a big, bright 2.5″ LCD display that’s visible in low light situations. There’s also a handy “high angle” feature for when you’re holding the camera above your head. It’s worth noting that there’s no viewfinder of any kind (optical or electronic) on the TZ1.”

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Read the review of the Panasonic Lumix DMC-TZ1.
Panasonic TZ1 Features
Powered by Lithium-ion battery pack (included); stores images on SD memory cards
5-megapixel CCD captures enough detail for photo-quality 13 x 17-inch prints
2.5-inch high-angle LCD display with Power LCD function; 10x image-stabilized optical zoom
High-sensitivity mode (up to ISO 1600) reduces motion blur; Unlimited Consecutive Snapping at 3 frames per second
The Venus Engine III reduces release time lag to as little as 0.006 seconds