Yall probably don't recall my long winded response to the last round of Digi camera discussion. It was long and boring, I probably wouldn't have read it either.

I recommended two models as part of that, the DMC LX2 and Canon SD800. Both at or near the same level with regard to consistent quality. Neither are waterproof. I have been using the DMC LX2 for a little over a year and have only had the lens fog one time and it was in conditions where you would expect it, crappy, wind, fog, rain etc. I keep it in my jacket in a case when not in use and pull it out just for photos.

My only gripe is the processor. It is very noisy in low light conditions. The Canon is much better in that respect. It is more compact as well.

The Lumix shoots in 30fps video as well which is more than adequate for fairly quality amateur use.

I would caution that the 10.2 MP processor eats memory cards fast. For longer trips I take two 2 Gig cards and two batteries. The camera runs off of a proprietary Li/Ion battery.

Good luck.