Pros Great piece of glass for a point and shoot. Video quality is surprising for this class. Feels like a solid, quality device. Respectable low light shooting***
Cons No lie - most JPEG's are useless. Shameful blotching and yellowing. Lens cap and "etched" button markings are a constant annoyance.
Summary Lori's review is spot-on, but if anything she was too kind. I'm definitely in a love-hate mood with this camera. It *can* take almost professional looking shots (given its class), but RAW is a must, and the menus and settings aren't getting any more intuitive to me over time. This was supposed to be my go-to when I can't or don't want my dSLR, but I'm finding that I rarely pick it up anymore. It's frustrating limitations outweigh its convenience. If the video quality hadn't surprised me I would have returned it...probably should have when I could have.After taking this exclusively on a two week, whirlwind vacation I feel it deserves another 1/2 star for something I overlooked: speed. No other camera in our tour group could boot and snap the unexpected photo op anywhere near this one. The auto-WB didn't impress much through unusual lighting changes touring ruins, but again, you almost must shoot RAW with this camera. I'm now firmly in the glad I bought it category. A JJC lens cap is on its way!
Updated on May 6, 2011
Pros Outstanding performance and outcome especially for dim light shots.
Its 24mm. wide angle is great (this made me choose LX5 over Canon S95.)
Cons Separated lens cap is frustration.
Difficult MF operation.
Summary Big jump from LX3, the extended focal range is a real advantage.
Low noise at high ISO