Video-capable DSLR for the price of a point-and-shoot

Costco.com is selling the Panasonic DMC-G10 with a 14-42mm OIS lens for $349.95 through December 30, 2010!  Free shipping too!  Item # 527094

http://m.costco.com/costco/product/productDirectDetail.do?itemId=11539090&indexNum=2

(OK, technically this is not a DSLR because it's part of the new generation of interchangeable-lens cameras that don't use mirrors.)  

 

At this price, the G10 costs less than high end point-and-shoots such as the Canon G11 and Nikon P7000, and is on par with the cost of a Canon S90 or S95.  The price is low enough that buying this kit does not necessarily require a commitment to the Micro 4/3 system.  Pricewise, it's a viable alternative to a bridge camera or high-end point-and-shoot.

 

COMPARED TO POINT AND SHOOT CAMERAS:

- The G10 is by no means as portable as a pocket digital camera but it's smaller than the average interchangeable-lens camera.

- The image quality would be significantly better than that of a point-and-shoot due to the larger sensor. 

- Like point-and-shoots, the G10 has live view, which is great for casual photographers who are more accustomed to looking at the LCD than using a viewfinder. 

- It also records video (720p).

- The 14-42 would be equivalent to 28-84mm on 35mm, a fairly useful zoom range that can cover moderate wide angle to short telephoto.  The lens has OIS (Panasonic's optical stabilization system).

 

Our 4-year old Casio EX-V7 point-and-shoot is starting to act weird.  Maybe I can get this as a replacement if the "budget committee" approves. :)