Pros Lense, CMOS, low light photo
Cons No major cons, yet...
Summary Tested it against the Canon S95. Liked the Nikon better. Better response, low light, ease of use, feel, video, speed, and features. RAW is not important in a point and shoot.
Pros Outstanding point-and-shoot results, amazing low light performance, exemplary manual capabilities, excellent HD video maker.
Cons Steep learning curve, non-intuitive user interface, needs a separate mike input
Summary I know the manual capabilities are all there, but I haven't figured out how to use them yet, as the interface is a challenge (as is the "manual": who wrote that ^&$%#$@&^ thing?) The included (and necessary) download and image manipulation software is a PAIN to use ... maybe because I'm a Mac user? But as a point-and-shoot device, this camera is fantastic, delivering superlative results and a wonderfully precision feel to the user. If you can only have one camera, this might be the right one.
Pros quick start up, fantastic display, excellent image quality, perfect for low light/no flash shots in dark rooms. flash is not automatic, you choose even though you'll rarely need it. Full manual control, wide array of auto settings. artistic filters.
Cons Quirky AF, easily overcome.
Summary As a fan of nikon i was always disappointed with their lack of an outstanding performer in the compact camera area, no more. The p300 is a dream! Low light is where this camera shines, it's no slouch outdoors either. The high contrast b/w mode is particularly good. full manual controls allows beginner and intermediate users to learn and practice, and still have an amazing array of auto features while pro's can take full advantage of the manual control. The 3 inch display is the best in the industry. I can't imagine anyone in the market for a compact point and shoot ever being disappointed with the p300.