I have this camera and paid over £200 for it - only came out in UK in December!
Exceptional quality super wide angle Leica lens, 12 Megapixel sensor, Power OIS optical image stabiliser to assist in use of the 8x optical zoom lens, 720p HD motion capture. In other words - a feature list as long as your arm!
Great reviews all over the web e.g http://www.cameras.co.uk/reviews/panasonic-dmc-zx1.cfm
If you're looking for a camera look no further - it does absolutely everything in a neat, robust package.
Furthermore - available here in WHITE which was previously only available through the Panasonic stores network at a whopping £289.
Apparently reduction in cost due to release of DMC-ZX3 which has a 10x zoom, but to be entirely honest, it has some really good automated feature where you can extend the optical zoom capability but lose on the megapixel count without stepping into digital zoom hell.
Price appears to include free delivery!