I have owned my camera now for several years and still love it.
My only wish would be that it would have a better zoom range.
My favorite features include:
Fill in flash
no flash
sepia tone
black and white tone
I use these features on a daily basis.
I find it is great that I can immediatly view my photo taken for a few seconds without changing the mode, it really helps.
I have used this camera everywhere you can imagine.
It is not the smallest of camera's but I can fit it in a fanny pack or belt bag when on a trip.
The lens cap snaps on and does fall off with even just a little nudge but it does come with a small thin cord to attach it to your camera strap.
The batteries used are 4 AA, they will last longer if you don't constantly do a "slide show" or use the lcd screen as a view finder. Use the actual view finder and limit viewing and you will be surprised by how much you can use them. I do use rechargables as I like to take photos all the time and it saves me lots of money.
It does come with a small memory card, but I used a 128mb from the start. I can now take about 169 pictures are high resolution.
My photos come out great! Many of my friends and family ask me to take their photos now.....all because of the great shots.
There are many, many features with this camera that I haven't even touched upon but check out the Olympus website for more info.