Which camera???

I think you will be happy with either camera.

I like to look at picture detail, which ends up being a combination of lens quality and megapixels.

There is one picture that Steves Digicams uses in all of his tests that I check for comparison between cameras.

Here are two links (770 and 5060)

http://www.steves-digicams.com/2004_reviews/c770uz_samples.html

http://www.steves-digicams.com/2003_reviews/c5060_samples.html

Look for the picture of a 2 and a half story red brick building. On the lower left side of the picture is a smaller red building and in front of that (next to a dumpster) is a blue street sign.

How well can you read that street sign?
Can you tell what the block number is?
Can you make out the number on the dumpster?

These two photos were taken at a zoom factor of about 1-1/2X (10.5 mm).

My eyes say the 5060 has a very slight edge.

What do your eyes say?

If you have a slow internet connection I'd better warn you the photos are 2 and 3 megapixels (respectively).

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RAW and TIFF:

Both are uncompressed images and therefore better than jpg. However they are very large files. Large files will be slower.

Which is better: Man, that will start an argument.

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Thank you for your input. Well, the two pictures were almost identical. But it is also hard to judge the quality since the pictures were taken at different times thus lighting and shadows. I guess the big advantage of the 770 is the 10x zoom. But there is not much reviews about it. I was also considering nikon coolpix 5400 and 5700.

Is there a big file size difference between tiff and raw? I know most or almost all photo software can open tiff. But I read that some raw files are different due to camera manufacturer's processes. And that with Nikon, you have to use their software and not a software that you like using.

The TIFF file may be a compressed file. TIFF can be compressed but it is not a "lossy" compression; meaning you do not loose any quality. Of course it can not compress nearly as much as .jpg

RAW is not compressed at all and may be unique to the manufacturer and require specialize software. Some people swear-by RAW and others swear-at it.

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Did you check out the review for the olympus camedia c-770 and c-765 at (you have to insert the hyphens, or it doesn't work)
http://www.dpreview.com/? Also Check out http://reviews.cnet.com/Olympus_C_770_Ultra_Zoom/4852-6501_7-30723898.html?tag=tab