Panasonic Lumix TZ1 Announced

Panasonic have announced the new Panasonix Lumix TX1, the world's smallest 10x optical zoom digital camera, the 5 megapixel camera features a folded optical zoom lens that runs along the inside of the body, with image stabilisation, a 2.5" screen, a VGA video mode, and high sensitivity mode with ISO800 and ISO1600:

"New 5 Megapixel DMCTZ1 - World's smallest 10x optical zoom digital still camera. Building on its digital still camera achievements, Panasonic presents you with the World's smallest 10x optical zoom digital still camera*, made possible by the world's first integrated retractable lens system with folded optics technology. Available for sale in April 2006"