Instead of being the camera you take with you while your digital SLR stays home, the 14-megapixel Panasonic Lumix DMC-FX150 is the one you go for when you simply want a little more control over exposure than the typical compact offers. It doesn't have full manual controls and it's not the speediest, but its mix of shooting options, ease of use, and photo quality makes it worth its high-end price tag.
The camera (available in silver or black) is 3.8 inches wide by 2.1 inches high by 1 inch thick and weighs 6.2 ounces with battery and SD/SDHC card--definitely small enough for a pants pocket, though just sliding under our thickness criterion for an ultracompact. On top sits a power switch, shutter release surrounded by a zoom ring, and a button for Panasonic's Extra Optical Zoom feature. A single press of the E.Zoom button fully extends the wide-angle 3.6x f2.8-5.6 28-100mm lens. Press it again and it increases the optical zoom power to 7.7x, but drops the resolution to 3 megapixels. A third press brings the lens all the way back. The quick-zoom aspect of this button is nice, but the "extra optical zoom" is digital trickery.
To the right of the 2.7-inch LCD are the remaining controls. The mode dial is set into the body at the top right, directly above the textured thumb rest where your thumb naturally falls. To its right is a switch for changing between shooting to playback. Below that is a traditional five-button navigation panel followed by Display and context-sensitive Quick Menu buttons. The control layout, while maybe not as fast as newer scroll-wheel navigation designs, will be very familiar to anyone that's ever picked up a digital camera.
Other cameras in its class load up on modes, but the FX150 provides only a handful, making things refreshingly simple. There's Panasonic's auto-everything mode--Intelligent Auto (iA)--and the requisite Scene mode (with 22 scenes to pick from) handling point-and-shoot duties, while Program AE and Manual Exposure modes offer more control for those looking for it. Rounding things out is a Movie mode capable of capturing video up to a HD resolution of 720p in QuickTime motion JPEG format. (The camera has three output options, too: mini-AV, mini-component, and USB 2.0.)
If you're considering the FX150 based on the availability of manual controls, be warned that it's a simplified manual system. For starters, there's no manual focus. Next, though you can adjust shutter speed in small increments, aperture is limited to two steps: f2.8 and f9.0 in wide and f5.6 and f18 in telephoto. Finally, exposure compensation doesn't function in this mode. However, the inclusion of these limited settings does allow you some creative freedom that lower-end ultracompacts don't. Also, there are plenty of other ways to experiment with the FX150 thanks to an extensive list of shooting options.