Excerpt: Earlier this year, Olympus announced two new members of its Stylus SZ-series; the SZ-16 iHS and the SZ-15. While very similar, the SZ-15 costs about $30 less than the SZ-16 iHS because it lacks a CMOS image sensor, Hand-held Starlight Mode, the TruePix VI image processor, and Mulit-Motion Image Stabilization (which help shooting stills in low light conditions and/or video in all conditions).
Excerpt: Beneath its serious design, the Olympus Stylus SZ-15 has many of the key features that will appeal to those wanting a travel compact camera on a budget. The £179.99 / US$199.99 (around AU$300) full price tag for the Olympus SZ-15 gets you a 16 million pixel 1/2.3-inch CCD sensor and 24x optical zoom, which is the equivalent of a 25-600mm lens on a 35mm/full frame camera.
Conclusion: If an easy to use compact camera, at a reasonable price, with a powerful zoom lens is your criteria, then the Olympus Stylus SZ-15 is a reasonable choice. However, there are few additional settings or features in this bare-bones camera, and the image quality and processing speed of the camera is slow.