I received the following message from Bruce McL:

Overlooked serious compacts

What is the smallest camera that has manual exposure controls and RAW?

How about a compact camera that has PASM, IS, 30 mm wide angle (to 150 mm tele) and takes AA batteries?

The first camera is the Panasonic FX150. The second is the Panasonic LZ10. Both cameras are nearing the end of their production lives and can be had for very good prices. It doesn't look like Panasonic will repeat the feature sets of either of these cameras. No other small Panasonic FX or FS camera has RAW, and no other Panasonic camera with AA batteries has manual exposure controls and semi wide angle.

I have the FX150, a neighbor has the LZ10, and I think both are worthy of the name serious compact. You might be doing your readers a favor by calling their attention to these two cameras. They can get into the world of RAW in a very small compact for under $225, and get a serious camera with AA batteries and decent wide angle for $150.

I confess that I didn't know that the FX150 offered RAW capability. It was announced alongside the Panasonic LX3 and thus received less attention than it otherwise may have gotten. Most major review sites (DPReview, Imaging Resource, and DCRP) also seem to have slept on this camera, though Steve's Digicams and PhotographyBLOG have posted reviews.

With a relatively large (by small sensor standards) 1/1.72" sensor, slimmer profile than the LX3, versatile 28-100mm (equivalent) f/2.8-5.6 lens, and RAW, the FX150 offers quite a lot for the money.

Link: Panasonic FX150 (Black) at Amazon

[Thanks Bruce]