That's a lot of camera for the price I think. Lowest I've seen it by a long shot.
As they say:
"Photography enthusiasts have been waiting for this camera! The 12.1 megapixel DMC-TZ8 features a 25mm wide-angle 12x optical zoom f/3.3-4.9 LEICA DC VARIO-ELMAR lens (35mm camera equivalent: 25-300mm) in a compact body. Offering about twice the shooting area of the standard 35mm lens, it gives you loads of options for amazing shots. The powerful 12x zoom can also be used in motion picture recording. In 3 megapixel resolution mode, the Extra Optical Zoom function provides additional magnification, extending the zoom power to 23.4x by using the centre part of the CCD.
The Intelligent Resolution Technology gives a high resolution look to digital zoom images as well as ordinary images. The image is divided into contour areas, texture areas and smooth areas, with optimum image processing applied to each type of area.
Hand-shake correction capacity is nearly doubled, so you can take beautiful night shots without blurring. Other features include Intelligent ISO Control, Face Detection AF/AE with Face Recognition, Intelligent Scene Selector with Sunset Mode, Intelligent Exposure and AF Tracking - the camera does all the work in iA Mode. And Happy Mode is newly added to the DMC-TZ8, optimising colour saturation and brightness for vividly memorable scenes.
The DMC-TZ8 can record HD movie (1,280x720 pixels at 30 fps in Motion JPEG format). The pixel mixed readout method enables bright motion-picture recording even in low-light settings.
If you want more control over settings, manual function allows you to fine-tune results. Aperture-priority Mode lets you open the aperture up wide for stunning portraits with softly focused backgrounds. Shutter-priority Mode makes it possible to express the dynamic power of a flowing stream by slowing down the shutter speed. And Manual Exposure Mode gives you total control of special shots, allowing you to achieve a higher level of photographic beauty."