CES: Olympus announces C-7070 Wide Zoom

DCRP News: Olympus announces C-7070 Wide Zoom 7.1 effective Megapixel CCD, F2.8, 4X optical zoom lens, equivalent to 27 - 110 mm, 1.8" LCD can flip up and rotate, Hot shoe for external flash, Full manual controls; shutter speed range of 16 - 1/4000 sec, RAW and TIFF formats supported, $699.