Imaging Resource checked out the five megapixel Lumix DMC-LZ1:

The five megapixel Panasonic Lumix DMC-LZ1 is closely related to the LZ2 which was announced simultaneously, and which we reviewed earlier this year. Both share the same lens and a near-identical body, but the LZ1 has a lower resolution imager, slightly broader ISO range, and subtracts the microphone. The Panasonic DMC-LZ1 offers a 6x Lumix DC Vario zoom lens, incorporating Panasonic's own "Mega OIS" Optical Image Stabilization technology. This makes the LZ1 and LZ2 the first cameras we've reviewed that features a stabilized lens with less than a 7x zoom range..



Link: ImagingResource