FWIW, I bought one of those Panasonics a few months back and I’ve been very impressed with it. It gives my SLR a run for it’s money in a lot of shooting situations and it’s zoom does open up a lot of possibilities (the stabilisation on the zoom is also impressive)
There’s plenty of effects on it, should you wish to use them. It shoots RAW and JPEG for a bit more flexibility. It’s done exactly what I wanted it to, namely be good enough and light enough to carry around all the time – the best camera in the world is useless if you can’t be bothered to carry it around with you!
The only criticism I have is the software that goes on to the PC is very clunky. I bought myself the ACDSee suite of software, as it will cope with the Panny and the Canon SLR images.
The iphone/ipad app could be useful as well for remote shooting etc.