This comparison has been appearing every since the Canon S2 IS became available.
Here is a thread that looks at the comparison from every angle:
http://forums.dpreview.com/forums/read.asp?forum=1010&message=13891086
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Although I just ordered a Fuji F10, I am thinking about buying a second camera with a 10-12x zoom lens. Which of these would you recommend for excellent image quality, battery life and compact size? I love the Canon G6 but it is only 4x (but you can always add a telephoto or wide angle lens); the S2 seems to large and bulky, and has a smaller LCD; the Panasonic FZ5 gets high marks all around and is also smaller than the other too. Any advice from the experts and the experienced would be much appreciated. Thanks

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