Summary: The Olympus XZ-10 packs an extraordinary amount of functionality in a small camera that is barely larger than an ultra-compact. It even manages to squeeze in an ultra-bright F/1.8-2.7 lens with 5X optical zoom and image stabilization.
Pros: Ultra-Bright F/1.8 lens, lets use lower ISO, Good lens sharpness, Uniform lens brightness, Extremely low distortion, Very good automatic white-balance, Conservative metering, Reliable autofocus, Built-in ND filter, Good build quality
Cons: Image-noise visible at all ISO settings, Hue not entirely natural, Custom white-balance not perfect, Slow shot-to-shot speed, Impossible to setup framing for video, Not exposure-priority, Incorrect histogram, Video recording lag, Short battery-life
Conclusion: Overall, a study build and decent image quality makes this a decent camera to own, but it has its downs as well. While it offers PASM modes, with control on aperture, exposure bias, and shutter speeds; the 1/2.3" sensor does have its limitations.
Pros: Sturdy to hold; PASM modes; Offers F/1.8 aperture settings; Loads of image effects to play with.
Cons: Small sensor; Tacky UI; Over saturated colours; Expensive.