Brand new in box from factory with all included CD and pamphlets and instructions included. Lumix DMC-LZ2 (and the 4 megapixel LZ1 launched simultaneously) is a major upgrade to the DMC-LC80 that doubles the lens reach (now a 6x optical) and throws in Panasonic's proven Mega Optical Image stabilization to boot. Other significant changes include a larger 2.0-inch (though lower resolution) screen, 14MB of internal memory and boosted burst mode and battery life. All this, and the price - at around $277 on the street - is well below its predecessor, and firmly at the 'entry-level' end of the market. Here's a quick run-down of the headline specification: 5 megapixel CCD 37-222mm equiv. (6x) Lumix DC Vario Optical Zoom 4x Digital Zoom Advanced Mega Optical Image Stabilizer Mega Burst Mode 2x AA batteries 14MB of internal memory 2.0-inch LCD 8 scene modes Orientation sensor Venus Engine Plus 5-area autofocus Color options As is increasingly the case with Panasonic Lumix cameras, the LZ2 will be available in both black and silver (though this may not be the case in all parts of the world). Again, we prefer the look of the black model (it looks a little smaller than the silver version we tested). Panasonic DMC-LZ2 Key specifications Street price • US: $280 • UK: £240 Body Material Plastic Sensor • 1/2.5" CCD, 5.4 million total pixels • 4.9 million effective pixels Image sizes • 2560 x 1920 • 2048 x 1536 • 1600 x 1200 • 1280 x 960 • 640 x 480 • 1920 x 1080 (HDTV 16:9) Movie clips • 320 x 240 (10 / 30 fps) • With audio • Limited only by storage (streaming) Lens • 37 - 222 mm equiv. (6x zoom) • F2.8 - F4.5 • MEGA OIS (Mode 1 / Mode 2) • Lumix DC Vario Focus • Normal: 0.5 m - Infinity • Macro: 5 cm • 5-area focusing • 3-area focusing • 1-area focusing • Spot Shooting mode • Portrait • Sports • Scenery • Night scenery • Night portrait • Fireworks • Party • Snow • Simple • Macro • Moving Image • Playback • Exposure bracketing +/-1EV in 1/3 EV steps • AE...