I can't find this at this price anywhere else - it seems to be an older model, but to me it seems a good price - I've got a lumix FX6 and very happy with it.
The DMC-FP3 features a 4x optical zoom LUMIX DC VARIO lens (35mm camera equivalent: 35-140mm). The folded optics technology makes it possible to fit the high performance lens in futuristic, flat body. The lens cover can be opened and closed with the touch of a finger, and also serves as a power switch. The Extra Optical Zoom function uses the center part of the CCD to extend this 4x zoom ratio to powerful 8.4x zoom at a resolution of 3-megapixel or less.