I bought a pentax optio 330 about a month ago and I just love the little guy! I was considering the Nikon 885 but a sales rep at National Camera suggested this one to me. It is about 100 dollars more but with the mail in rebate it comes down to the same price as the Nikon. He also indicated to me that more customers had complaints about the Nikon and had more problems with the Nikon's menu screen. Well I can't say for sure since I have never used that camera but with my Pentax, I don't think I will ever need to.
I have enjoyed beautiful, crisp pictures with this camera. I took shots of my doll collection, my artwork, and my cat and they all turned out great (once I got used to the different light settings which wasn't too hard). I did take it to my cousin's wedding and I have to say that it didn't work as well for me there. One reason was that I was loathe to use the flash since I didn't like the way the flash looked in my other indoor pics I had taken earlier. I also reasoned that the camera has special "dark room" settings to compensate. Futhermore, the pics on my viewscreen were looking good so I trusted that. Well I wished I had used more flash cause when I uploaded them, most of the pics were blurry. Granted most of them were of people dancing but I wonder if the flash would have helped the focus. The camera does seem to have a problem focusing in dark situations but I am still experimenting with that and I don't think that it is a major problem.
I saw in a previous review that someone mentioned the viewscreen being too small. I have to agree since I can't tell whether or not the pic is blurry based on the screen. But if the screen were any bigger, the camera would be too and that is not what you want in a compact camera.
I love the small size! It fits in my coat pocket and when I have it around my neck it doesn't feel like it is cutting off circulation. It is also cased in stainless steel as opposed to the Nikon's plastic casing which does give me more confidence - although I wouldn't recommend dropping it ;)
Overall it is a great point and shoot digital camera! I would highly recommend! And if the price bothers you - well you won't have to hassle with photo developing services any more now will you?