I did fair amount of research and concluded that the Panasonic Lumic DMC-LC33 is the best value overall. With the Leica lens, it takes absolutely great pictures that are comparable to those of film cameras. It is very easy to use. The mode dial (choice of simple, normal, macro, portrait, landscape, night portrait, motion) help beginners to take nice pictures. For sophisticated users, it has many control enable you to adjust ISO, EV, white balance, etc. Besides the picture quality, its speed is one of the best among digital cameras. You almost don't feel any shutter lag. I especially like the burst mode which let you take 5 continuous shots in one second, perfect for those hard-to-catch moments. The movie mode appears a bit jittery at 10 fps, but like its still images, the picture quality is very good. I have seen other reviews mentioning the flash being weak. However, I found it adequate and can be easily enhanced by setting ISO to 400. Its size can fit into a pocket.
I think maybe because Panasonic is not as well known in camera as brands such as Canon, Nikon, Olympus, etc., so it prices its models very competitively. This is a great camera at a valued price. I couldn't be happier with it. Strongly recommended.